ARB's 12% Crash: Smart Money or Sustained Selling?

ARB has dropped by 12% in a single day to $0.15, causing concern among market participants.

The drop is particularly notable because it sliced through the SMA 7 at $0.16 and is now sitting on the EMA 12 at $0.14 as a de facto floor.

Despite this, smart money seems to be positioning hard, with open interest surging 24% in 24 hours while price dropped.

The MACD histogram has flatlined at zero, indicating that momentum has been gutted, and the daily 24-hour range of $0.17 to $0.15 shows sellers were in full control from the open.