Markets· ★★· bearish·

ARB drops 10% to $0.217 after rejection at $0.25

  • —ARB fell 10% in 24 hours, bottoming at $0.214
  • —Open interest dropped 10% to $290 million
  • —Network inflows reversed to a $12.8 million outflow
  • —Long liquidations topped $1.9 million as ARB slipped from $0.25
Why it matters: Holding $0.20 keeps a recovery case alive; losing it opens the way toward $0.17.
Source: Cryptonews.net