$ARB I’m choosing to wait and observe now—I won’t chase this 24-hour +25% move. What’s most unusual is that after the price reached 0.11664, it didn’t keep collapsing, yet the contract positions cooled off first. This is healthier than piling on more leverage to push the price up, but it still isn’t a signal to participate again.
From 18:00 to 19:00, perpetual trading volume was about $33.1 million; the high was 0.11664 and it closed at 0.11327. In the next hour, it reclaimed 0.10937 and volume dropped to around $21.03 million. After that, the next four complete hourly candles all closed roughly in the 0.1094–0.1098 range, while open interest fell from a peak of 358 million to 343 million—about a 4.3% drop. The funding rate remains only 0.01%. The meaning is straightforward: leverage is pulling back; for now, someone is absorbing, but the sell pressure above 0.112 hasn’t been fully eaten through.
My participation conditions are: a pullback to 0.107–0.109 that doesn’t break; after a 15-minute chart, it re-closes above 0.1107, while open interest must not rush back to 355 million. Only if an hourly candle closes on increased volume above 0.112 can we confirm the strength will continue. If an hourly candle closes below 0.107, this sideways structure fails, and I’ll keep waiting.
#ARB #Arbitrum #contract structure
From 18:00 to 19:00, perpetual trading volume was about $33.1 million; the high was 0.11664 and it closed at 0.11327. In the next hour, it reclaimed 0.10937 and volume dropped to around $21.03 million. After that, the next four complete hourly candles all closed roughly in the 0.1094–0.1098 range, while open interest fell from a peak of 358 million to 343 million—about a 4.3% drop. The funding rate remains only 0.01%. The meaning is straightforward: leverage is pulling back; for now, someone is absorbing, but the sell pressure above 0.112 hasn’t been fully eaten through.
My participation conditions are: a pullback to 0.107–0.109 that doesn’t break; after a 15-minute chart, it re-closes above 0.1107, while open interest must not rush back to 355 million. Only if an hourly candle closes on increased volume above 0.112 can we confirm the strength will continue. If an hourly candle closes below 0.107, this sideways structure fails, and I’ll keep waiting.
#ARB #Arbitrum #contract structure