Arbitrum has witnessed a significant recovery despite bearish market conditions, primarily driven by the participation of whales and retail investors. Over the past month, ARB experienced a decline of 19.37%, followed by a sharp recovery of 24.03% in the past week and an additional gain of 4.85% in the last 24 hours. Nevertheless, challenges remain due to substantial net outflows, reaching 165.2 million USD, indicating potential selling pressure.

While the ARB faces challenges like net outflows, whales have contributed to stabilizing its price by purchasing large quantities, thereby preventing price declines. Additionally, retail traders have shown bullish sentiment with increased funding rates and open interest in derivative contracts, reflecting confidence in ARB’s potential. The combined influence of whales and enthusiastic retail traders suggests a promising trajectory for Arbitrum in the near term.