Recently, there has been a large-scale outflow of funds from the Arbitrum network, with approximately $56.9 million withdrawn in the past 24 hours, putting significant pressure on the ARB token. Interestingly, despite the outflow, on-chain activity has not decreased substantially, and this disconnect has sparked quite a bit of discussion.

I noticed that the ARB price is currently fluctuating around $0.13, which is a rebound from previous lows. According to the latest data, it has gained 31.99% over the past 30 days, indicating that the market has started to digest the previous pessimism. However, trading volume remains relatively low, with only $357k in 24-hour trading volume, suggesting that the rebound may not yet be stable enough.

On the technical side, the key support levels for ARB are between $0.093 and $0.095. If it falls below this range, it could face a deeper correction. Resistance is at $0.100 to $0.105, which is the concentration zone of selling pressure during the rebound. Interestingly, the funding rate has turned negative, indicating that bears are gaining the upper hand, but at the same time, selling pressure is easing, possibly hinting that a bottom is forming.

Regarding the future of ARB, I think the key is whether this wave of outflows will continue. If outflows stop and market sentiment stabilizes, there is still room for a rebound. But if large-scale exits persist, the short-term rebound might just be a corrective fluctuation. In any case, the $0.10 level is an important psychological threshold; holding above it could improve the short-term outlook.