Arbitrum Open Interest Falls 20.7% as Spot Price Rises 0.79%

Arbitrum (ARB) traded at $0.17, up 0.79% over 24 hours by 4:37 a.m. ET (09:37 UTC) Nov. 7, as futures open interest dropped 20.70%, showing a sharp contraction in active positioning. Daily futures open interest stood at $32.69 million. The eight-hour funding rate was 0.0100%. The fall in open interest points to less futures positioning, while the account ratios and trading volumes offer a mixed picture of activity. At 2 a.m. ET (07:00 UTC), 61.7% of accounts in Binance’s global futures cohort were long and 38.3% were short. Among top-trader accounts, 64.3% were long and 35.7% were short. Those figures count accounts in the measured groups. Taker activity was close to balanced.

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