- It appears ARB has taken a dizzy dive of 38.9% this past month, and not in a fashionable way.
- The unfortunate slide of Arbitrum has placed 99% of its holders in the position of financial wallflowers, raising eyebrows and quizzical glances at the prospect of total obliteration.
Once upon a time, not so long ago—specifically a month ago—Arbitrum [ARB] gallantly stood at $0.956. Alas, it has endured what can only be described as an extended bout of downward thrust, culminating in a fresh all-time low of $0.37 recorded a mere three days ago. If ever quidnuncs wished for a grand spectacle, this was it!
However, not wishing to appear entirely despondent, we find ourselves amidst what can only be described as a delicate recovery dance, with ARB trading at $0.459, enjoying a sprightly increase of 6.38% on the daily charts. One must wonder: is it merely a mirage?
Prior to this optimistic pirouette, our dear altcoin had been twirling downward like an ungracious ballerina, plummeting by 20.11% and 38.9% on weekly and monthly charts, respectively. An absolute travesty for those dear ARB holders.
Arbitrum holders in profit hit a grand total of 0%
According to the great sages at AMBCrypto and their analysis of IntoTheBlock, it appears the recent price plunge has rendered none of the long-suffering ARB holders in the least bit enriched. A statistical quagmire indeed!
As of current speculation, 0% of Arbitrum holders bask in the glory of profit, while a staggering 99% find themselves on the unfortunate side of loss, with a mere 1% teetering at breakeven. What a merry group of misfits!
Such a freefall has inspired an air of panic selling every time the prices dare to make a spirited rebound—good gracious, how positively tragic!
Moreover, this potent concoction of uncertainty has threatened a mass seller exodus, which could easily lead to the prices of our dear altcoin cascading like a clumsy juggler on stage.
A Peek Behind the Curtains of Arbitrum
With 0% of holders sporting smug grins, Arbitrum is currently the poster child of bearish sentiment, with sellers monopolizing the market in a most alarming manner.
Clearly, the seller dominance has resulted in Arbitrum’s CMF plummeting to a staggering -14. One must raise an eyebrow, for when CMF takes a nosedive, it suggests that sellers are so robust, they could carry mountains—at least, they clearly outweigh any gallant buyers!
This state of affairs artfully perpetuates the downward pressure on prices, as though they are somehow auditioning for a tragic play.
Digging deeper into this whirlpool of despair, we find that Arbitrum’s Sharpe ratio has also taken a fateful plunge into the negative realms, resting at a dismal -5.49. This implies our dear ARB holders are not even receiving tea and biscuits for the considerable risks they are ought to face.
As a result, ARB holds little allure for eager investors, who are quite content to steer clear of this tempest.
The whales, too, have sharpened their teeth on this bearish buffet, waving adieu as they fold away more than 550.2k ARB tokens over the past day, reminiscent of a gentleman fleeing the party after the host has run out of sherry.
This rather grim netflow suggests that our aquatic, whales of finance are anxious to vacate, possibly fearing the watery depths ahead.
The fountain of selling continues to quench itself across market participants, as inflows into exchanges have accelerated alarmingly.
Over the past two days, seekers of fortune have shipped more ARB tokens into exchanges than have confidently found their way back, painting a rather gloomy visage of bearish sentiment across the horizon.
In the next thrilling chapter, one might wish to peruse Arbitrum’s [ARB] Price Prediction 2025–2026.
The Crystal Ball Ahead
As Arbitrum descends into the annals of historically low prices, leaving absolutely nobody in the profit lodge, it seems the tides of confidence are receding. Thus, the bearish spirits cast long shadows over this market, suggesting ARB might venture even lower, perhaps to the dreaded $0.42 mark.
If this gloomy sentiment prevails, one could easily witness our altcoin aim for new historical lows. However, should optimistic buyers seize the moment to swoop in and embrace the dip, ARB may just shake off its malaise and seize back the $0.5 mark.
Read More
- INJ PREDICTION. INJ cryptocurrency
- DGB PREDICTION. DGB cryptocurrency
- POL PREDICTION. POL cryptocurrency
- TRB PREDICTION. TRB cryptocurrency
- DUSK PREDICTION. DUSK cryptocurrency
- LDO PREDICTION. LDO cryptocurrency
- Blockchain is the best fintech to ensure Sharia ethics — Web3 exec
- BONE PREDICTION. BONE cryptocurrency
- ILV PREDICTION. ILV cryptocurrency
- Malaysia mulls crypto policy after talks with UAE and Binance founder CZ
2025-02-09 13:19