📉 Arbitrum Plunges: How Low Can
$ARB Go Amid Heavy Sell-Offs?
Arbitrum (
$ARB ) has been under immense selling pressure, with its price tumbling 31.67% in the past month.
In the last 24 hours alone, the token has shed another 4.44%, signaling a worsening market outlook.
The sharp decline has placed ARB in a precarious position, with analysts warning that it could soon hit a lifetime low.
Several market dynamics, including increased selling by large holders, shorter holding periods, and a surge in transaction activity, have compounded the downward trend.
As concerns grow, investors are closely watching key support levels to gauge whether ARB can recover or if further losses are imminent.
🔸 Rising Active Addresses Signal Increased Sell-Offs
Blockchain data indicates that Arbitrum’s network activity has increased significantly, but this surge has not translated into bullish momentum.
Since 1 February, the number of active addresses has climbed from 224,000 to 262,000, reflecting heightened on-chain interactions.
While a rise in active addresses often signals greater adoption, in ARB’s case, it is linked to increased sell-offs.
The Average Time Held of Coins Transacted, a crucial metric measuring how long holders retain their assets before selling, has plunged 79.96% in the past month.
Currently, ARB is being held for an average of just two weeks before being offloaded. This rapid turnover suggests waning confidence in the token, with many traders exiting their positions rather than holding for long-term gains.
On-chain data also shows that 12.41 million ARB tokens have changed hands in recent weeks, and this figure is expected to rise as selling pressure remains elevated.
🔸 Whale Activity Fuels Further Downside
Large investors, commonly referred to as whales, have played a significant role in ARB’s recent decline.
Data from IntoTheBlock reveals that institutional-sized holders have been offloading substantial amounts of ARB, intensifying the bearish sentiment.
📊 Will
$ARB Find Support or Sink Further?
With increased sell-offs and whale activity, ARB's future remains uncertain. Traders should monitor key support levels and stay cautious amid heightened volatility.
#ARB #ARB🔥🔥🔥