Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Arbitrum (ARB) Reaches All-Time Low Amid Crypto Market Slippage

Arbitrum (ARB) Reaches All-Time Low Amid Crypto Market Slippage

CointimeCointime2024/08/06 07:36
By:Cointime

Arbitrum (ARB) has hit an all-time low, dropping over 28% in the last 24 hours. This decline has also affected Bitcoin (BTC) and Ethereum (ETH). Despite the drop in price, the daily trading volume for ARB has increased by 151%, indicating that many investors are selling the asset due to negative news or a general decline in the market. This has created a negative divergence, suggesting significant bearish sentiment towards the token. Additionally, the drop in price has triggered liquidations of long positions, with forced long liquidations on ARB reaching $2.01 million at the time of writing.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Bitcoin Reaches $97K Amidst Sluggish Network Activity: Time for Investor Alarm?

Unpacking the Paradox: Skyrocketing Bitcoin Values Amidst Noticeable Downturn in Network Activity

Coineagle2025/05/05 19:55
Bitcoin Reaches $97K Amidst Sluggish Network Activity: Time for Investor Alarm?