Over the past week, whales have accumulated over 40 million ARB tokens, signaling growing interest from key market players.
Liquidations and cautious funding rates emphasize the importance of breaking key resistance levels.tokens, signaling growing interest from key market players. At press time, ARB was trading at $0.8442, reflecting a 9.73% daily decline.
Meanwhile, the Relative Strength Index sits at 41.56, signaling mild bearish momentum. However, if ARB holds the $0.8302 support and reclaims the $1.0179 level, a reversal could be on the horizon. Therefore, these levels remain essential for traders to watch closely.Additionally, address activity points to increased user engagement. New addresses rose by 3.29% in the past seven days, while active addresses surged by 7.84%.
However, the 16.67% drop in zero-balance addresses indicates existing holders are retaining tokens, supporting the case for accumulation. Therefore, this trend could signal growing confidence in ARB’s long-term potential.Liquidation data shows $917.83k in long positions were liquidated, significantly outpacing the $69.54k in shorts. This highlights over-leveraged bullish sentiment.
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