Conclusion up front: ARB is up 16%, yet shorts get squeezed more as it rises—like taking a beating while refusing to fold.
Current price is 0.1367. Over the past 24 hours, the high was 0.1394 and the low was 0.1059. Binance and OKX both rose in sync by 15.5%–15.8%, and the price action looks credible.
4 hours saw a massive $1.54M liquidation across the whole network, 95% of it was shorts. Bybit was the most aggressive: two million-dollar short orders were cleared just 644 milliseconds apart, with liquidation prices of 0.1376 and 0.1372, totaling $265K—accounting for 17% of liquidations in those 4 hours. Binance shorts made up 96% and got buried together.
Positions surged 28% in a single day to $200M, with Binance accounting for 23%. Hyperliquid made up only 12%, yet its increase was as high as 47%—new money is accelerating into the market.
Price rises, shorts get squeezed out, positions rise— the squeeze hasn’t finished yet.
$ARB $BTC
How much farther is this short squeeze going?
Check in real time: https://www.coinboss.com/currencies/ARB