Arbitrum (ARB) Holds Near $0.19 as Open Interest Falls 7.86%

Arbitrum (ARB) held at $0.19 on Binance spot Oct. 12, while a 7.86% drop in futures open interest and a near-even taker split kept the market’s direction unresolved. ARB traded between $0.19 and $0.20 during the session and gained 0.15% over 24 hours. Its 14-day average true range was $0.01, or roughly 5% of the spot price, while Binance spot volume totaled approximately $16.16 million. At 4 a.m. ET (08:00 UTC), Binance futures open interest stood at about $50.19 million, down 7.86% over 24 hours.

Source: TokenPost