Arbitrum (ARB) rose 4.73% against Tether (USDT) on Binance over an hour on Oct. 20, as the liquidation tally across three exchanges was weighted heavily toward short positions.
Binance spot quotes put the ARB/USDT pair at $0.1883 before the move and $0.1972 an hour later. At the latter quote, ARB had gained 1.44% over the preceding day, a separate measurement period from the hourly move.
Short liquidations totaled $70,000 on Binance, Bybit and OKX, compared with $10,000 for long positions. The difference was $60,000, and the short-side amount was seven times the long-side figure. Together, the tallies came to $80,000. The liquidation snapshot covered the same hour as the Binance price comparison.
ARB's estimated market capitalization was about $1.30456 billion, ranking it 67th among crypto assets. Earlier EconoTimes coverage of ARB's price move described a 5.94% one-hour advance in Binance spot quotes on Oct. 15, alongside a separate 0.94% gain over 24 hours.
