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Arbitrum · ARB/USDT · daily

What happens to Arbitrum after a volume spike on a red day?

Since 2023, Arbitrum has shown a volume spike on a red day 8 times. In the 8 cases old enough to score, the price was higher 7 days later 63% of the time, with a median move of +2.6%. On an ordinary day the median 7-day move for ARB is −1.7%.

Too few cases

With 8 completed cases there is not enough history to judge this one.

Cases since 20238last on 4 Sep 2026
Higher after 7 days63%ordinary: 43%
Median 7-day move+2.6%ordinary: −1.7%
Could be luck33%allowing for 3,572 studies
Worst / best case−12% / +22%over 7 days
Median path after the signalMiddle half of casesOrdinary ARB drift
−30%−20%−10%0%+10%+20%+30%+40%+50% -5dsignal+7d+14d+30d
Price change relative to the close on the signal day. Based on the 8 cases with a full 30 days of history after them.

By holding period

AfterCasesHigherMedian moveMiddle halfOrdinary medianGapBy luckProof score
1 day863%+0.9%−3.3% to +4.4%−0.2%+1.1%47%
3 days863%+4.4%−1.3% to +16.6%−0.9%+5.3%7.8%
7 days863%+2.6%−3.6% to +6.8%−1.7%+4.3%33%
14 days863%+10.1%−13.9% to +22.0%−4.1%+14.2%4.5%
30 days863%+2.1%−12.6% to +28.9%−6.4%+8.5%40%

“Ordinary median” is the median move of ARB over the same number of days starting from any day. “Gap” is the signal's median minus the ordinary one. “By luck” is how often a gap at least that large comes from randomly chosen days, corrected for the 3,572 studies run at each holding period (for this study taken alone: 33%).

Holding it for 7 days

Typical dip on the way−3.8%ordinary ARB: −8.5%
1 case in 4 dipped past−9.4%before day 7
Fell 10% or more on the way25%ordinary: 42%
Typical best point+18.6%highest price within 7 days
Median after costs+2.3%ordinary: −2.0%
Ahead after costs63%ordinary: 42%

Dips and best points use each day's low and high, measured from the close on the signal day. Costs assume 0.3% for a round trip: a 0.1% exchange fee each way and 0.05% slippage each way.

Every occurrence

One square per occurrence, oldest first. Green: higher 7 days later. Red: lower. Grey: not yet 7 days old.

DateClose+1d+7d+30d
4 Sep 2026$0.1319+34.3%+5.8%+54.7%
10 Oct 2025$0.2962+1.9%+2.5%+1.0%
30 Jun 2025$0.3453−5.2%−4.8%+20.3%
11 May 2025$0.4515−4.7%−12.5%−8.2%
19 Jan 2025$0.69820.0%−3.2%−34.1%
12 Nov 2024$0.6300−2.9%+9.8%+63.1%
5 Aug 2024$0.4818+4.3%+22.3%+3.2%
5 Mar 2024$1.97+4.5%+2.6%−25.8%

The 12 most recent. All 8 are in the open data file.

The rule

Daily volume at least 3× its previous 30-day average, and the day closes below its open. A surge of volume on a down day is read two opposite ways: as panic that marks a low, or as distribution before more selling.

Occurrences closer than 7 days to the previous one are not counted again. The signal is confirmed at the daily close (00:00 UTC) and returns are measured from that close. Full method.

The same signal on other coins

CoinCasesHigher after 7dMedianGapVerdict
Harmony2568%+11.6%+12.9%Strong evidence · leans up
XRP2658%+5.2%+5.9%Strong evidence · leans up
Theta Network2264%+9.1%+9.7%Strong evidence · leans up
Bitcoin2060%+5.1%+4.7%Some evidence · leans up
Neo4033%−5.2%−4.6%Some evidence · leans down
Ethereum Classic3754%+1.7%+2.7%Weak evidence
Horizen2429%−6.8%−6.1%Weak evidence
Basic Attention Token3361%+3.1%+3.2%Weak evidence

Volume spike on a red day across all 94 coins

Other Arbitrum signals

Full Arbitrum record

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