Analysis: Arbitrium Investors Face Losses Amidst Bearish Trends
As Arbitrium continues to experience bearish trends across all time frames, a staggering 85% of investors holding ARB in their wallets find themselves at a loss. Observations of on-chain data reveal a notable decrease in large ARB transactions since January 3, 2024, with transactions over 100K dropping from 256 to 121. These downward signals underscore the prevailing bearish sentiment. Currently, the ratio of wallets holding ARB for over a year to the general population stands at 23%, indicating a substantial portion of long-term holders. Notably, one wallet holds a significant 33.92% of the current ARB supply, highlighting potential centralization concerns. https://twitter.com/burak_kesmeci/status/1789749148599665081?t=ey62Av5K-aaCFn_KXEXWdw&s=19 Decline In New Active Addresses For ARB Active addresses, a crucial metric for gauging investor interest, tell a concerning story. While the average number of active addresses in 2024 was roughly 30K, it has now dwindled to 10.5K. Moreover, […]