$ARB I just opened an 80,000U short position — $5.6M worth of hard-earned savings on the line.
A $1B market cap? That’s not valuation — that’s ghost liquidity.
$ARB, once crowned as one of the four kings of Ethereum Layer 2, backed by Offchain Labs with a strong technical pedigree, has completely collapsed. From $2.50 all the way down to $0.10 — a brutal 95%+ drawdown. No mercy. No bounce. Just consistent distribution.
Price tapped $0.1134 and briefly tried to escape, but that move had no conviction. Now it’s hovering around $0.1039, and every moving average is stacked above price like a coffin lid pressing down. Structure is weak. Momentum is fading. Buyers are exhausted.
A billion-dollar market cap at these levels feels disconnected from reality — especially when there’s still another $500M sitting below like unfinished business.
This isn’t accumulation. This looks like continuation.
ARBUSDT Perp — staying short. Market price execution. Pressure building. $ARB
