Despite the sell-off on ARB, buyer flow remains notable: while price fell 11%, spot volume rose 175%.
60.9% of taker transactions were on the buy side. This suggests the decline was not a low-participation pullback; however, buyers have not yet been able to turn the increased selling pressure into price dominance.
A structure may have formed here in which buying is absorbing selling, but that alone does not confirm a reversal. The key point to watch is whether ARB price can stop the downward momentum while buyer dominance is maintained.
60.9% of taker transactions were on the buy side. This suggests the decline was not a low-participation pullback; however, buyers have not yet been able to turn the increased selling pressure into price dominance.
A structure may have formed here in which buying is absorbing selling, but that alone does not confirm a reversal. The key point to watch is whether ARB price can stop the downward momentum while buyer dominance is maintained.