Dubai, UAE, May 7, 2025, Chainwire
After the largest hack in crypto history, Bybit emerged as a study in the case of market stability, transparency, and user trust. A new independent report of Kaiko.
On February 21, 2025, BYBIT was the target of a coordinated cyberattack resulting in $ 1.5 billion in unauthorized withdrawal. As the incident sent shockwaves through the global crypto ecosystem, the rapid response of bybit and stable infrastructure ensured the trade remained uninterrupted. During the weeks that followed, the liquidity of the platform, the depth of the trade, and the user's confidence had to go back with a surprise -fantastic speed.
A 30-day turnaround led by the change of market structure
According to Kaiko's analysis, Bitbit's Bitcoin Liquidity-which earned 1% market depth-reached an average of $ 13 million per day at the end of Q1 2025, which corresponds to pre-hack levels. Sarley is recovered from all books of the book, from 0.1% to 8% of mid -price, emphasizing the institutional's deep participation.
A major contributor to this recovery is the timely launch of Price Price Improvement (RPI) Orders on February 20, just one day before the attack. These orders, exclusively to manu -trader traders at the Bybit interface and are not accessible by API, are placed by institutional market manufacturers to enhance pricing conditions for retail participants. In the volatile post-incident, RPI orders have helped strengthen the trade, tighten the spread, and protect manual users from predatory algorithmic behavior.
The strength of the Altcoin market and narrowly spread
The recovery of liquidity is not limited to Bitcoin. More than 80% of the depth of the pre-hack market for the top 30 altcoins through the market cap was restored in March. It spreads to major tokens-including high-risk assets such as Doge and XRP-large vision, indicating improved implementation costs and updated confidence in the market manufacturer.
Bid-ask spread volatility, a key indicator of stress on the market, also refused throughout March, which signed the enhanced order of the order book and increased participation from liquidity providers.
Volumes heal faster than previous crises
While the broader sentiment in the market remained cautious amid the uncertainty of macroeconomic, the Bybit's trade volumes were re -rebounded than after comparable shocks such as the 2016 Bitfinex Hack or the 2023 Binance.us sec Case.
Kaiko's data shows that the time of the Bybit trading has brought up to $ 1.2 billion immediately following the incident. Although volumes have sank into the line of trends over the weekend, since it has been normalized and began to rise continuously – changing the user's strong maintenance and a growing sense of confidence in the Bybit market stability.
Transparency as a differentiator
One of the standout takeaways from the Kaiko report is bybit transparency throughout the recovery process. While other platforms in similar situations suffered prolonged destruction of liquidity, open communication bybit and proactive market structures have helped regain confidence and stabilize conditions faster than industry standards.
As the crypto market lasts, exchanges are increasingly measured not only by performance during booms, but by how they respond to poverty. BYBIT's rapid liquidity has been bouncing and promising a centric user change has set a new benchmark for operational operations in the industry.
#Bybit / #TheCrypToark
About bybit
Bybit The second largest largest cryptocurrency exchange in the world by trading volume, serving a global community of over 60 million users. Established in 2018, Bybit will redefine openness in the decentralized world by creating a simpler, open, and equal ecosystem for all. With a strong web3 focus, the Bybit partners are strategically with the leading blockchain protocols to provide a stable infrastructure and drive a chain change. Known for safe care, diverse markets, intuitive user experiences, and advanced blockchain tools, bybit have laid a gap between Trade and Defi, empowering builders, creators, and lovers to unlock the full web3 potential. Discover the future of decentralized finances in Bybit.com.
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