On ARB, positioning tells the story.

ARB's down 12.74 percent with the biggest open interest flush in the cohort, down 15.27 percent over the last day. Funding's leaning negative, which suggests traders are staying defensive, not crowded shorts. This feels like cleanup after forced selling, not a fresh trend. Support at 0.215 dollars, resistance at 0.225 dollars, watch for a base to form before getting interested either way.