ARB Long Liquidations Hit $750K in 24 Hours as Shorts Lose Just $7.5K

ARB-1.30%

According to AMBCrypto, ARB recorded double-digit losses over the past 24 hours in the face of mounting selling pressure. Long traders absorbed $750,730 in liquidations over the period, while short positions lost just $7,480, indicating the market moved firmly against bullish bets.

On-chain data reinforced the bearish outlook, as stablecoins drained from the Arbitrum network faster than they entered it since June 15. Net outflows totaled $190.9 million against $45.58 million in inflows, suggesting users are pulling back from the chain.

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