$91.8M hit Arbitrum One stablecoins in 24 hours. $ARB still fell 6.62% to $0.1353. That gap is the story.

Liquidity arrived, price didn't care. $APT dropped 11.15% on a smaller $18.2M print, so this isn't only an $ARB problem.

I won't call it distribution without exchange-flow data. If that stack is dry powder, bids can come later; if it's parking, $ARB stays heavy.

A 24-hour print is intraday liquidity, not a trend. Watch if the stablecoin balance holds while $ARB stops making lower lows.

HYPE and TRX USDS-margined perps launch Nov 16; read margin rules first. Adding $ARB or waiting for flow to show in price? 1 add, 2 wait.

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