Arbitrum Price Under Pressure: 60 Million ARB Whale Sale Sparks ATL Fear
Arbitrum's price is weakening near its all-time low due to sustained selling pressure from short-term holders and significant whale distribution.Summary
The price of Arbitrum (ARB) is declining and approaching its all-time low (ATL) as it fails to benefit from broader crypto market recoveries, indicating limited investor demand and conviction.
Technical indicators like the Chaikin Money Flow (CMF) are signaling net capital outflows, reflecting sustained selling pressure. Furthermore, short-term holders dominate realized profits, increasing the risk of sharp corrections, as evidenced by a recent 8% drop.
Adding to the pressure, addresses holding between 1 million and 10 million ARB have sold over 60 million tokens in the last three weeks. This steady whale distribution suppresses recovery attempts. ARB is currently trading at $0.0921, with the next critical support at $0.0887, just above the ATL of $0.0883; a break below this level could establish a new cycle low.
(Source：BeInCrypto)