Arbitrum falls 12% in 30 days – 99% holders at a loss yet again

Arbitrum’s value has dropped from a local high of 0.8 USD to 0.34 USD over the past three months. Currently, 0% of ARB holders are in profit, resulting in 99% at a financial loss.

The persistent downtrend signals a bearish market. Analysts suggest potential recovery may occur as historical trends indicate that such low profitability can lead to a buying opportunity, and recent buying activity hints at this.