Arbitrum

Arbitrum (ARB) is displaying strong bullish indicators despite a 6.4% daily price decline. The order book data and position metrics suggest sustained buying pressure that could push the token toward the $1 milestone. The aggregated <a href="https://www.coinglass.com/pro/depth-delta" rel="noopener noreferrer nofollow">order book</a> liquidity delta chart reveals an imbalance between bids and asks. The data shows that the buy orders are consistently outweighing the sell orders over the past 24 hours.This buying pressure is particularly evident in the recent uptick in bid volume. The data indicates growing market interest in accumulation at current price levels. A significant shift in market sentiment is also apparent on the exchange liquidation map, with long positions vastly outnumbering short positions on a weekly basis. The cumulative long-liquidation leverage has also been steadily increasing. It suggests that traders are becoming increasingly confident in ARB&#39;s upward potential.While <a href="https://cryptotale.org/treasure-dao-plans-on-gaming-shift-to-zksync-from-arbitrum/" rel="noopener noreferrer nofollow">Arbitrum </a>is trading at <a href="https://www.coingecko.com/en/coins/arbitrum" rel="noopener noreferrer nofollow">$0.8548 at press time</a>, down 6.4% in the last 24 hours, the broader technical picture remains constructive. According to CoinGecko data, weekly performance shows a 20% gain, and the 30-day growth reaches 67.4%. However, the year-to-date returns show that the price is down by 19%.<a href="https://cryptotale.org/arbitrums-long-positions-surge-could-arb-surpass-1/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Arbitrum's Long Positions Surge: Could ARB Surpass $1?

CryptoTale

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