Arbitrum is experiencing significant pressure as $56.9 million has exited its network, impacting the ARB token's price, which hovers near key support levels. Despite the capital outflow, network activity remains stable, with daily transactions and active addresses showing resilience. The ARB token is trading around $0.096, with critical support at $0.093–$0.095 and resistance at $0.100–$0.105. The outflows are attributed to capital rotation rather than a fundamental rejection of Arbitrum, with funds moving to Ethereum and other ecosystems. This has led to ARB losing nearly half its value over the past month, underperforming many comparable assets. Derivatives data indicates a dominance of short positions, contributing to volatile price action. While selling pressure is slowing, confidence remains fragile, and further outflows could push ARB to new lows.