Arbitrum is heating up again, so why are traders still being cautious?

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Arbitrum lại tăng nhiệt, vì sao nhà giao dịch vẫn thận trọng?

Arbitrum is emerging with a more diversified RWA portfolio, while ARB is also gaining renewed attention ahead of its upcoming Token unlock .

The key points to watch are not only the increasing market size, but also the shift in the structure of Tokenize assets on this network, along with the rather cautious reaction of ARB price.

MAIN CONTENT
  • The value of Tokenize RWA on Arbitrum has reached approximately $840 million, nearly three times what it was a year ago.
  • EU government bonds now lead the market structure, surpassing US Treasuries.
  • ARB has been mentioned more frequently ahead of the Token unlock, but price movements have yet to show clear buying pressure.

RWA on Arbitrum is no longer primarily dependent on US Treasuries.

The market for Tokenize real assets on Arbitrum is currently around $840 million, a significant increase from a year ago. More importantly, the asset structure has shifted dramatically: US Treasuries are no longer the sole dominant group.

Currently, EU government bonds lead with approximately $374 million in market Capital , followed by US Treasuries at $178 million, equities at $171 million, and commodities at $93 million. This shift indicates that RWA activity on Arbitrum is becoming more diversified across a wider range of asset classes.

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Source: Entropy Advisors

ARB is appearing more frequently on discussion forums.

ARB topped the list of most talked-about coins on Santiment's trend tracker on Tuesday, surpassing names like GameStop, Solana, Chainlink, Ethereum , and Gigachad. The increased discussion coincided with expectations surrounding the upcoming unlock.

The market is also paying attention to the approximately $13.12 million worth of unlocked tokens during the week of May 11-17. In addition, discussions within the community revolve around the Airdrop mechanism, eligibility requirements, and tools related to ARB.

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Source: Santiment

ARB prices Unconfirmed an upward trend.

On the 4-hour chart, ARB is trading around $0.1328 after retreating from the $0.145-$0.146 range earlier in the week. The current price structure leans towards a descending top pattern and is attempting to stabilize around the $0.13 mark.

Technical indicators also do not favor buyers. The RSI shows that buying pressure has not regained control, while the MACD remains in negative territory as the MACD line is below the Signal line and a red histogram is still present.

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Source: TradingView

Summary

Arbitrum is experiencing significant RWA growth and an increasingly diversified asset portfolio, but the ARB price has yet to show confirmation of an upward trend in the short term.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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