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Crypto traders holding long, or bullish, futures bets have taken a sharp hit over the past 24 hours after the Clarity Act failed a Senate procedural vote.

Exchanges liquidated about $571 million in long positions in that window, the highest tally since Aug. 22, according to CoinGlass. Shorts, or bearish bets, accounted for only about $100 million of the wipeout.

Bitcoin and ether longs absorbed the heaviest damage, with roughly $190 million liquidated in each. Analysts had flagged ether and DeFi tokens as the assets most likely to outperform bitcoin if the Senate voted yes. XRP longs lost about $30 million, while Solana longs lost about $22 million.

The data shows markets were positioned for continued upside, largely on hopes the Clarity Act would advance. Those hopes strengthened earlier this week after reports that President Donald Trump was willing to make concessions on the bill’s ethics provisions. The market responded: bitcoin, the largest cryptocurrency by market value, rose to nearly $80,000 from about $77,000 on Monday.

Arbitrum price rose nearly 9% on Sep. 15 as a bullish Standard Chartered forecast lifted interest in ARB, while the charts showed the token testing a dense resistance and liquidation zone near $0.155.

Arbitrum price rebounds toward $0.15

Standard Chartered initiated coverage of Arbitrum with a $10 price target for the end of 2030, according to a report based on comments from digital assets research head Geoff Kendrick. The forecast helped ARB recover from the support area it had tested after an earlier September rally.

Arbitrum (ARB) price traded near $0.1454 at the time of writing, up 8.75% for the daily session. The token opened at $0.1337, fell to $0.1314, and reached an intraday high of $0.1468.

The 4-hour chart recorded a 5.9% gain during the latest candle, with the price rising from $0.1374 to $0.1454. Buyers entered after ARB spent several days consolidating between approximately $0.131 and $0.145.

The rebound followed a volatile start to September. ARB climbed from below $0.09 to approximately $0.20 before sellers pushed it back toward $0.13. The daily chart still showed the token well below that monthly peak despite its latest gain.

Standard Chartered sees tokenization supporting ARB

Kendrick described Arbitrum as a potential blockchain for traditional financial institutions moving assets on-chain. The bank expects the tokenized-assets market to expand from about $340 billion to $4 trillion by the end of 2028.

Standard Chartered reportedly sees Robinhood Chain as evidence of that opportunity. The project uses Arbitrum technology, giving the network exposure to a platform focused on tokenized financial assets.

Kendrick expects Arbitrum’s monthly revenue to reach approximately $5 million in September, more than five times its level before Robinhood Chain launched. He argued that the higher revenue base could support a new valuation for ARB.

The bank set year-end targets of $0.50 for 2026, $1.50 for 2027, $3.50 for 2028, $6.50 for 2029, and $10 for 2030. Each level remains a Standard Chartered projection rather than a guaranteed price path.

A move from $0.1454 to $10 would require a gain of about 6,780%. ARB would also need to recover above several previous support and resistance areas left by its longer-term decline.

ARB faces resistance near $0.155

The 4-hour Bollinger Bands showed ARB reaching the upper band near $0.1454. Price also moved above the indicator’s middle line at $0.1382, while the lower band stood near $0.1310.

Closing above the middle band shifted the immediate structure in favor of buyers. However, trading against the upper band can leave the token open to a short-term pullback if demand does not continue.

Chaikin Money Flow rose to 0.19 on the 4-hour chart. The positive reading showed that buying pressure had strengthened during the rebound, supporting the move above $0.14.

The daily indicators offered a more cautious signal. ARB’s relative strength index stood at 58.82, above the neutral level of 50 but below the overbought threshold of 70. Its RSI average remained higher at 67.11, reflecting the loss of momentum after the early-September spike.

The daily MACD line stood at 0.0125, below the signal line at 0.0150. Its histogram had slipped to minus 0.0025, meaning the broader bullish impulse had not fully recovered despite the strong daily candle.

A close above $0.147 would expose the $0.150 psychological level. The one-week CoinGlass heatmap showed the strongest nearby liquidation concentration around $0.154–$0.156, making that area the next major test.

Further liquidity appeared between $0.158 and $0.160, followed by separate clusters near $0.166 and $0.170. A breakout through those zones could open a path toward the September peak between $0.19 and $0.20.

On the downside, $0.138 is the first short-term level to watch because it matches the 4-hour Bollinger midline. A loss of that level could return ARB to the $0.131–$0.133 support range, where the lower Bollinger Band and recent lows converge.

Analysts target $0.185 if support holds

Crypto analyst Michaël van de Poppe said ARB appeared to be holding its first support level and beginning to turn higher. He said the setup could lead to a sharp move toward $0.185 if the token breaks out.

The $0.185 target sits close to the upper part of ARB’s early-September trading range. Reaching it would require a gain of roughly 27% from $0.1454 and a break above the liquidation clusters near $0.155 and $0.170.

Altcoin Sherpa also identified the current area as support, attributing ARB’s recent strength partly to Robinhood-related activity. However, the analyst said the size of any continuation remained uncertain.

Both views depend on ARB holding its recent base. A daily close below $0.131 would weaken the recovery setup and place the breakout targets at risk.

Robinhood gives the rally a US market angle

Robinhood provides the clearest US connection to Standard Chartered’s thesis. CEO Vlad Tenev has described the company’s chain as being built for real-world assets, linking Arbitrum’s technology to a US brokerage seeking a larger role in tokenized finance.

The long-term effect on ARB will depend on network use, revenue generation, and the value captured by token holders. Standard Chartered’s forecast assumes that tokenization expands rapidly and that Arbitrum becomes a preferred infrastructure provider for financial firms.

For the immediate move, traders face a closer test at $0.154–$0.156. Holding above $0.138 keeps the short-term rebound intact, while a confirmed break through $0.156 would strengthen the case for an advance toward $0.17 and the analysts’ $0.185 target.

Bitcoin price slipped below $76,000 before recovering toward $76,900, with weak momentum and dense liquidation zones leaving the price vulnerable ahead of the CLARITY Act vote and Federal Reserve decision.

Bitcoin price rebounds after falling below $76,000

According to data from crypto.news, Bitcoin (BTC) price traded near $76,863 at the time of writing after dropping 1.7% during the session. The cryptocurrency opened at $78,189, reached an intraday high of $78,250 and briefly fell to $75,605 before buyers pushed it back above $76,000.

The decline extended Bitcoin’s retreat from the $79,000–$80,000 region, where several recovery attempts have stalled since late August. Price action has since formed lower highs, showing that sellers remain active during rebounds.

Political uncertainty surrounding the Digital Asset Market Clarity Act contributed to the cautious mood. The U.S. Senate was preparing for a procedural vote requiring 60 votes to advance the legislation, while reports of disagreement between Democrats and Republicans reduced confidence in a deal.

Traders were also waiting for the Federal Reserve’s policy decision. The supplied market context showed that changing rate expectations, rising Treasury yields and elevated oil prices had reduced demand for risk assets, including cryptocurrencies.

Daily trend holds, but momentum sends a mixed signal

Bitcoin remains above the daily Supertrend level at $72,786, keeping the broader signal in bullish territory despite the latest decline. The indicator provides a wide cushion below the current market price, but it would offer little support if BTC loses the nearer $75,500–$76,000 demand area.

A sustained daily close below that zone would place the August breakout structure under pressure. The next visible support areas sit near $74,000 and the Supertrend level around $72,800.

The daily Aroon indicator presents a mixed reading. Aroon Up stands at 100%, showing that a recent high remains influential within the indicator’s lookback period. Aroon Down, however, has risen to 14.29% as the price moves closer to the lower end of its recent range.

The difference suggests that the wider trend has not fully reversed, although short-term weakness is building. Bitcoin must recover the $78,000–$80,000 area to restore a clearer upside structure.

A close above $80,000 would expose the recent highs near $81,000–$82,000. Failure to regain $78,000 would leave rallies vulnerable to renewed selling.

4-hour chart shows weak trend strength

The 4-hour chart confirms a less decisive short-term setup. Bitcoin traded near $76,869, below the Bollinger Bands’ middle line at $77,404 and close to the lower band at $76,180.

Trading near the lower band reflects persistent selling pressure, although it also leaves room for a short-term rebound if the lower boundary continues to hold. The upper Bollinger Band at $78,629 forms the next major resistance level above the midpoint.

Bitcoin’s 4-hour Average Directional Index stood at 17.26. An ADX reading below 20 typically points to weak trend strength, meaning neither buyers nor sellers have established firm control despite the sharp intraday swings.

The combination of a low ADX and price near the lower Bollinger Band favors continued consolidation unless BTC breaks decisively outside the range. A move above $77,400 would be the first sign of improving momentum, followed by resistance between $78,000 and $78,630.

On the downside, a 4-hour close below $76,180 would increase the risk of another test of $75,500. Losing the intraday low at $75,605 could then open the path toward $74,000.

Liquidation clusters could amplify the next Bitcoin move

The 24-hour CoinGlass liquidation heatmap shows concentrated leverage on both sides of the current price. The strongest nearby liquidity above Bitcoin appears around $77,600–$77,800, with another large cluster extending through approximately $78,200–$78,500.

Additional liquidity is visible near $80,000. A rebound through $77,400 could draw the price toward these upper clusters as short positions face pressure.

Below the market, the clearest liquidation concentration sits close to $75,000, followed by smaller pools around $74,000 and $73,000. A break below $75,500 could therefore accelerate the decline as leveraged long positions are closed.

The two-sided concentration fits the weak ADX reading. Bitcoin remains inside a market where nearby leverage could pull the price sharply in either direction once the current range breaks.

Analysts identify $75,500 as Bitcoin’s key support

Pseudonymous trader Altcoin Sherpa called the current area a “do or die level” and said losing it could send Bitcoin toward $72,000. The analyst’s chart placed the main support band around $75,000–$76,000, broadly matching the daily and 4-hour technical levels.

Trader Lennaert Snyder said Bitcoin had swept the previous week’s low near $76,000 and reacted bearishly afterward. His preferred scenario involved a brief move below $75,500 followed by a rebound, rather than an extended breakdown.

Snyder’s chart mapped a wider demand zone around $75,000–$76,000 and identified overhead resistance near $78,000, $79,500, and $80,500. He tied the next major move to the CLARITY Act vote and the Federal Reserve decision.

The technical evidence leaves Bitcoin at a decision point. Holding $75,500–$76,000 could support a recovery toward $77,400 and $78,600, while a confirmed breakdown would bring $74,000 and the daily Supertrend near $72,800 into view.

Standard Chartered is making the case that Arbitrum could become one of the strongest performers in crypto through 2030, arguing that the network’s revenue mechanics may benefit as traditional finance ramps up onchain activity. In a note shared with Cointelegraph, Geoff Kendrick, the bank’s global head of digital assets research, pointed to Arbitrum’s economic design as a potential source of growth beyond crypto-native usage.

Kendrick said Arbitrum receives 10% of the net protocol revenue generated by businesses building on the network. He highlighted Robinhood Chain—an Ethereum layer-2 initiative tied to the online brokerage Robinhood—as an early test case for how tokenization-focused applications could shift Arbitrum’s financial profile. According to Kendrick, the impact has already been visible in the network’s revenue run rate.

Key takeaways

• Standard Chartered forecasts Arbitrum’s protocol revenue share could meaningfully grow as more traditional financial assets move onchain.
• Arbitrum’s design gives it 10% of net protocol revenue from companies building on the network.
• Standard Chartered credits Robinhood Chain with materially changing Arbitrum’s economics, projecting $5 million revenue in September.
• Kendrick expects those economics could support a multi-year rise in ARB, potentially reaching $10 by 2030.
• Key risks include tokenization adoption slowing and increased competition from other chains.

Why Standard Chartered thinks Arbitrum’s revenue can scale

At the center of Standard Chartered’s bullish outlook is the idea that Arbitrum’s growth is not just about user activity, but about the network’s share of protocol revenues. Kendrick framed the pathway as follows: as regulated institutions and financial firms bring more assets onto blockchain infrastructure—especially through tokenized real-world asset (RWA) products—layer-2 networks that support these deployments could capture recurring value.

Robinhood Chain is presented as a concrete example of that dynamic. In the note, Kendrick argued that its launch has already affected Arbitrum’s economics. He stated that, at the current run rate, Arbitrum is expected to generate $5 million in revenue in September, which he said is more than five times the level it was at before Robinhood Chain launched in July.

For investors and traders, this matters because it shifts the narrative from “layer-2 usage” alone to “layer-2 monetization.” If tokenized asset workflows generate sustained protocol revenue, the token incentives and long-term demand for the network’s native asset could plausibly benefit. Standard Chartered’s framing is essentially that the token’s value proposition is tied to business adoption and network economics rather than only retail activity.

From protocol economics to ARB price assumptions

On price, Kendrick’s view is aggressive but anchored to the bank’s revenue-based logic. He expects Arbitrum’s economics to support a steady increase in ARB through the rest of the decade, forecasting that the token could reach as high as $10 by 2030. The bank’s projection implies roughly a 70-fold increase from current levels.

Standard Chartered also contrasted its outlook for Arbitrum with its expectations for Bitcoin and Ether over the same period, saying its projected returns for ARB would be far higher. While price forecasts are inherently uncertain, the bank’s stated method is noteworthy: the thesis is built around a growing revenue stream for the protocol rather than purely speculative momentum.

At the time of the note, ARB was valued at around $0.14, according to CoinGecko, after gaining 86% over the past month.

Tokenized real-world assets are the engine in the model

Standard Chartered’s argument is heavily influenced by the momentum in tokenization. Kendrick pointed to cumulative RWA tokenization nearing $39 billion, citing RWA.xyz data. The bank also reiterated its broader forecast that tokenized assets could reach $4 trillion by the end of 2028, as banks and asset managers bring more assets onchain.

In that scenario, layer-2 networks like Arbitrum are positioned as infrastructure providers. The bank’s logic is that when tokenization shifts from experiments to larger deployments, businesses building on these networks can generate net protocol revenue—part of which flows back to Arbitrum under the 10% share model.

Standard Chartered has previously tied its wider crypto views to tokenization growth, including a bullish stance toward Chainlink and the broader decentralized finance sector in the context of a growing onchain asset base. The Arbitrum note continues that through-line: as more “real-world” exposure is issued onchain, the infrastructure that supports issuance, settlement, and related services may capture more durable value.

Key uncertainties and competitive pressure

Despite its optimism, Kendrick highlighted risks that could derail the bank’s price framework. He identified two major uncertainties: a slower-than-expected pace of asset tokenization and more competition from alternate blockchains.

This is an important tension for readers to consider. Arbitrum’s potential upside depends not only on technical and adoption milestones, but also on whether tokenized assets concentrate on specific L2 ecosystems or diversify across multiple networks. If tokenization expands but spreads across competing platforms, Arbitrum’s revenue share—and therefore the earnings-to-token linkage Standard Chartered is leaning on—could be diluted.

There is also a timing element embedded in the forecast. Kendrick’s projected revenue run rate growth and the resulting ARB outlook assume that new deployments and monetization mechanisms ramp in a way that sustains protocol revenues over time. Any mismatch between “asset issuance growth” and “protocol monetization” would likely force the thesis to be recalibrated.

As the market digests this note, the next things to watch are whether tokenization activity on Ethereum layer-2s keeps accelerating and whether Robinhood Chain—or other tokenization-oriented deployments—continues to translate into measurable net protocol revenue for Arbitrum. The pace of tokenized asset adoption and the intensity of competition between alternative chains may determine how closely reality tracks Standard Chartered’s multi-year model.