Arbitrum Rises 4.73% in One Hour to $0.1972 on Binance

Arbitrum (ARB) rose 4.73% in a one-hour window on Oct. 20, reaching $0.1972 on Binance spot trading as short-position liquidations exceeded long-position liquidations across three exchanges.

TokenPost collected the ARB/USDT spot price directly from Binance. The token traded at $0.1883 an hour before the $0.1972 observation, an increase of $0.0089 per token. At the later reading, ARB was up 1.44% from 24 hours earlier. The one-hour percentage move was larger than its net gain over the full 24-hour period.

Across Binance, Bybit and OKX, $70,000 in ARB short positions and $10,000 in long positions were liquidated during the same hour. Short liquidations exceeded long liquidations by $60,000 and were seven times their value. The $80,000 combined figure covers those three exchanges.

ARB ranked 67th among crypto assets by market capitalization, with its value estimated at about $1.30456 billion.