Arbitrum Rises 13% to $0.241 as Robinhood Chain Link Gains Focus
ARB’s open interest climbed 12% to $332 million, while long positions represented 60% of leveraged market exposure.
Arbitrum (ARB) rose 13.38% over 24 hours to $0.241 on Sept. 23 as its integration with Robinhood Chain strengthened the token’s role in the tokenized-stock market narrative.
The move pushed ARB above resistance near $0.225. The token also traded above its key exponential moving averages, keeping the market’s short-term technical picture positive.
Open interest in ARB derivatives increased 12% to $332 million during the same period. Long positions made up 60% of total leveraged exposure, giving bullish traders the larger share of outstanding positions.
The concentration of leveraged longs adds volatility risk if the rally reverses, as traders may close positions quickly. ARB’s rebound is also tied to broader interest in real-world assets and the use of Arbitrum Orbit in Robinhood Chain.
