#arbitrum 1'm bullish on $ARB Monday night, one pick from Tokyo. The strongest momentum tonight belongs to Arbitrum ($ARB), which ranks No. 1 on CMC’s 4-hour board. ■ The numbers now Price: $0.1793, or about ¥28.4 (at $1 = ¥158.33). CMC rank: 53. Change: +1.37% in 1 hour, +4.97% in 4 hours, +5.81% in 24 hours, and +13.04% in 7 days. 24-hour trading volume is about $184 million, up +118.5% from the previous day. Market cap is about $1.24 billion (about ¥195.6 billion), and FDV is about $1.79 billion. The volume-to-market-cap ratio is 0.149. ■ Chart position The 24-hour range is $0.1613–$0.1793, and the 7-day range is $0.1517–$0.1793. The current price is at the top of both ranges. The reference point from four hours ago was $0.1708. OKX’s funding rate is negative at -0.0057% per 8 hours, with OI at about $17.55 million and a premium of -0.092%. Shorts are still in the market despite the rise. ■ Catalysts (with dates) In ArbitrumDAO, an Entropy Advisors proposal to add 100 million ARB to the DRIP budget as an adoption measure for USDG (Global Dollar) is currently being voted on-chain, with voting closing on November 12 (reported by the Arbitrum forum and TokenPost). A vote on updating L1 fee parameters ahead of Glamsterdam is also underway this week. ■ View and invalidation level Trading volume has doubled as the price makes new highs, while the funding rate remains negative. I read the short-term trend as upward. I’ll withdraw this view if the 1-hour candle closes below the $0.1708 reference point. Risk: The additional distribution of 100 million ARB could also weigh on supply. A sharp reversal is possible depending on the vote outcome. ■ Week 4 recap In Week 1, we followed tokens opening new routes; in Week 2, real-world assets; and in Week 3, payment rails. This week brings it all together, and tonight’s ARB story around stablecoin use cases also continues the question from Week 3. Arctic Trade Lanes maps trade and capital flows along Arctic shipping routes, with the ATL token planned for soon. No promises of price gains or yields. If you have ideas for Arctic business, follow and let @alexdolbun know. We’ll keep a record on UnicornsMap UM-Radar. $ARB $ETH $LINK #NorthernRoutes #UMRadar #Layer2 @alexdolbun