Sure. Liverpool are leading the standings currently, and as you said, Arsenal are second in the table, although I don’t think Arsenal will make any mistake that will make them drop points and leave that position to Nottingham Forest right now. I think they would rather do more and see if they can be able to near Liverpool in points, but I don’t think they can surpass and get the first place in the table currently; it will be hard for Arteta to get it.
It is no longer possible for other clubs to take over Liverpool's position in the first ranking if we look at it logically. (unless something very big happens and it is beyond our control).15 points gap
10 matches remaining
So, it is impossible for Liverpool to lose 5 matches or more than half of them in the future. It seems impossible.
Although, Liverpool's condition is currently slumping because they failed to qualify for the next round in the UEFA Champions League. [even though they are at the top of the UCL standings, they had to be eliminated by PSG who won the penalty shootouts.
Source: Liverpool exit the Champions League on penalties