In the past few days, Arbitrum (#ARB) suddenly surged by 40%, leaving many people puzzled. Is this just riding the hype, or has the trend really reversed?
I checked the on-chain and market data and found that this recent surge is not just driven by sentiment; there’s indeed some substance behind it.
Speculation about Robinhood's collaboration igniting market expectations
First, there’s big news: market rumors suggest that Robinhood is considering collaborating with Arbitrum to create a system that allows European users to buy U.S. stocks on-chain.
Although the official news hasn't been confirmed, Robinhood is indeed evaluating Arbitrum and Solana, and it’s possible this is part of a bigger strategy. The key point is that next month, the head of crypto at Robinhood will be on stage with Arbitrum's strategy officer and Vitalik for a discussion, likely sharing some insights, and the market has already begun to place bets.
The on-chain activity is bustling; are large holders quietly positioning themselves?
Recently, there has been significant activity on the Arbitrum chain, with active addresses increasing by 25% in a week, and over 410,000 addresses active on a single day, creating a very lively scene.
Even more exaggerated is the frequent activity from large holders: familiar faces like Gelato, Wintermute, and Monetalis are taking turns making moves. In just one day, over a hundred million ARB was transferred on-chain, with some hoarding and others transferring to exchanges. One wallet even jumped into the top 13 holders of ARB within a week, holding over 77 million tokens, which doesn’t look like retail activity.
These moves seem like institutions are positioning themselves in advance. However, don’t get too excited—the market’s response to Robinhood entering L2 is quite polarized.
Some feel this is just a rebranded imitation of Base, lacking creativity and ambition; others are more direct, saying they missed the best window and are starting too late, facing challenges of cold starts and filling ecosystem gaps.
However, from another perspective, building self-owned chains has become a new strategy for Web2 giants entering the crypto space. Moving forward, it’s not just about competing on TPS and technology, but about who can truly integrate users and scenarios. Besides Coinbase and Robinhood, Kraken and Ethena have also joined the fray, and the boundaries between traditional finance and crypto are rapidly blurring, changing the landscape quietly.
Technical analysis: Potential reversal pattern emerging
Looking at the technicals, ARB is right at the upper boundary of a descending wedge, often referred to by technical analysts as a 'bull-bear watershed.' The MACD has turned positive, and the Aroon indicator also shows that upward momentum is continuously strengthening, a breakthrough may be just around the corner.
As long as it effectively stands above $0.75, it could potentially surge to $1 or even higher.
The Fibonacci structure also supports this view, showing a good overall risk-reward ratio.
Overall, the recent rise of ARB is not driven by short-term sentiment, but rather a result of multiple factors resonating together.
If you're following ARB, make sure to stay focused in the coming days and don’t miss upcoming developments. Especially next week’s activities from Robinhood could become a watershed moment for further confirmation of market trends.
That's all for this article! If you feel lost in the crypto world, consider strategizing and profiting with me!
