#Arbitrum
Arbitrum rallies 12% as revenue jumps 5x – Can ARB clear $0.19?
Arbitrum [$ARB ] surged 12.18% in 24 hours, as growing institutional interest and expanding network revenues reinforced the rally’s foundation.
Besides the rally, Standard Chartered recently initiated $ARB coverage and set a $10 price target for 2030.
Reportedly, the bank cited Arbitrum’s enterprise-grade infrastructure as a key driver behind its longer-term price outlook.
Elsewhere, Robinhood Chain activity also strengthened the network’s revenue profile significantly. Arbitrum’s monthly revenue run-rate surged to roughly $5 million, reflecting a fivefold increase since the July period.
The rally therefore aligned with the improving network economics rather than relying exclusively on the speculative market demand.
Additionally, $ARB’s 24-hour trading volume also expanded 5.25% to $561.52 million. However, the derivatives positioning suggested traders had not fully embraced the improving network fundamental backdrop.
Short sellers absorb growing pressure
Notably, the price rally increasingly challenged the bearish derivatives positions as price extended its reversal.
As per CoinGlass analytics, the short liquidations had reached $238.64K during the rally, compared to $97.75K in long liquidations.
The shorts therefore suffered nearly 2.4 times the liquidations recorded among the leveraged longs.
Importantly, the imbalance correlated with $ARB’s upward price move, which pressured the traders positioned against the price recovery.
The liquidation profile alone, however, did not reflect a widespread bullish derivatives conviction. The funding conditions around $ARB still carried a bearish tilt, although the latest trajectory showed an important momentum shift.#Write2Earn #ARB $ARB
Arbitrum rallies 12% as revenue jumps 5x – Can ARB clear $0.19?
Arbitrum [$ARB ] surged 12.18% in 24 hours, as growing institutional interest and expanding network revenues reinforced the rally’s foundation.
Besides the rally, Standard Chartered recently initiated $ARB coverage and set a $10 price target for 2030.
Reportedly, the bank cited Arbitrum’s enterprise-grade infrastructure as a key driver behind its longer-term price outlook.
Elsewhere, Robinhood Chain activity also strengthened the network’s revenue profile significantly. Arbitrum’s monthly revenue run-rate surged to roughly $5 million, reflecting a fivefold increase since the July period.
The rally therefore aligned with the improving network economics rather than relying exclusively on the speculative market demand.
Additionally, $ARB’s 24-hour trading volume also expanded 5.25% to $561.52 million. However, the derivatives positioning suggested traders had not fully embraced the improving network fundamental backdrop.
Short sellers absorb growing pressure
Notably, the price rally increasingly challenged the bearish derivatives positions as price extended its reversal.
As per CoinGlass analytics, the short liquidations had reached $238.64K during the rally, compared to $97.75K in long liquidations.
The shorts therefore suffered nearly 2.4 times the liquidations recorded among the leveraged longs.
Importantly, the imbalance correlated with $ARB’s upward price move, which pressured the traders positioned against the price recovery.
The liquidation profile alone, however, did not reflect a widespread bullish derivatives conviction. The funding conditions around $ARB still carried a bearish tilt, although the latest trajectory showed an important momentum shift.#Write2Earn #ARB $ARB
