ARB slides as $56.9M exits Arbitrum; key support at $0.093–$0.095
Roughly $56.9 million left the Arbitrum network in the past 24 hours, according to Artemis, exerting downward pressure on ARB and testing critical support. The token is trading near $0.096 after a month-long decline that has erased nearly half its value. On-chain activity—daily transactions and active addresses—remains resilient, indicating users continue to use the chain despite capital outflows. The outflows appear to be capital rotation into Ethereum and newer ecosystems rather than outright rejection of Arbitrum. Derivatives data show negative funding rates, signalling growing short interest and raising the probability of choppy price action. Technical levels to watch: support at $0.093–$0.095 (recent all-time low printed near $0.093) and resistance at $0.100–$0.105, with a stronger recovery needing a reclaim of $0.12. Traders should note that a clear daily close below $0.093 would likely open the way for deeper losses, while a sustained hold above $0.10 could improve the short-term outlook. Key keywords: ARB, Arbitrum, capital outflows, support and resistance, funding rates.
Bearish
Significant short-term capital outflows ($56.9M) combined with negative funding rates and a recent all-time low near $0.093 create a bearish setup for ARB. Although on-chain metrics (transactions and active addresses) remain stable, price is driven by liquidity and sentiment—both weakened here. Historically, similar large outflows and negative funding coincide with increased short interest and choppy or downward price action (e.g., token sell-offs following major withdrawals from layer-2 or layer-1 ecosystems). Technical structure is thin below $0.093, increasing the risk of accelerated losses if that level breaks. In the short term, expect elevated volatility, dominated by short squeezes and relief rallies that may fail unless outflows abate and funding rates normalize. In the medium to long term, sustained network usage could provide fundamental support, but price recovery will likely require improved market sentiment, reduced outflows, and reclaiming higher technical thresholds (notably $0.12). Traders should manage risk tightly: use stop losses, avoid aggressive long positions below $0.093, and watch funding rates and on-chain flows for early signs of stabilization.