Tracking fund flows:
$ARB has posted five consecutive bearish daily candles, down a cumulative 26.79%.
Looking at the cost distribution, most people who bought in over the past few days are sitting on paper losses. If the price rebounds to around their cost basis, they may sell to break even, creating overhead pressure. The key question is whether large buyers are stepping in at these low levels—if support is weak, the gradual decline could continue.
It's up 4.05% so far today. Which direction are you more bullish on?