The cryptocurrency market has seen significant fluctuations in recent times, and one token that seems to be gaining momentum is Arbitrum (ARB). According to a technical analysis, ARB's price is expected to rise by 12% over the next two weeks, potentially reaching $0.145.
One of the key factors contributing to this prediction is the whale positioning in the derivatives market. Despite retail traders being heavily long, top traders and whales are even more bullish at a ratio of 1.66, indicating smart money leading this move rather than fading retail enthusiasm.
The negative funding rate of -0.0128% creates an immediate contrarian opportunity, with shorts paying longs to hold positions. This setup has historically preceded significant upward moves when combined with strong whale positioning.