ARB Price Plunges as Short Squeeze Fades

The price of Arbitrum (ARB) skyrocketed by 51.69% in a single session, but experts warn that this is likely due to a short squeeze rather than organic price discovery.

The RSI reading at 85.91 indicates a high risk of mean-reversion within the next 48-72 hours, and the MACD histogram is flat at zero, indicating that momentum has already been exhausted.

Open interest cratered by 29.17% in 24 hours, suggesting that short liquidations forced a squeeze, which may soon evaporate without buying pressure.