• ARB has declined by 38.9% over the past month.
• Arbitrum’s decline leaves 99% of holders at a loss, risking total crash.

Since hitting $0.956 a month ago, Arbitrum [ARB] has experienced sustained downward pressure. Over this period, the altcoin has reached a new all-time low of $0.37 recorded three days ago.

Since hitting this low, ARB has recorded a moderate recovery. In fact, as of this writing, Arbitrum was trading at $0.459, hiking by 6.38% on daily charts.

Prior to these gains on daily charts, the altcoin had been on a downward trajectory, declining on weekly and monthly charts by 20.11% and 38.9%, respectively.

These sustained losses over the past month have turned into a tragedy for ARB holders.

Arbitrum holders in profit hit 0%

According to AMBCrypto’s analysis of IntoTheBlock, the recent price drop has left none of the ARB holders in profit.

At press time, 0% of Arbitrum holders were in profit while 99% of the holders were at a loss, and only 1% were at the breakeven point.

Such a drop implies that holders have panic sold every time prices try to rebound, fearing further losses.

Equally, it risks a continued lack of confidence where all holders might decide to sell at a loss, causing the altcoin’s prices to crash.

An inside look at Arbitrum

With 0% of ARB holders in profit, the altcoin shows strong bearish sentiment, with sellers dominating the market and causing a strong downward momentum.