KAIKO verifies fast liquidity recovery after $ 1.5B hacking

admin3 weeks ago

Dubai, UAE, May 7, 2025, Chain Wire

In the aftermath of the largest hack in cryptocurrency, BYBIT has emerged as a case study of market elasticity, transparency and user trust. According to KAIKO, a major provider of institutional encryption market data, BYBIT’s liquidity rebounded to the pre -level level within only 30 days, showing an unparalleled achievement with industry colleagues.

On February 21, 2025, BYBIT was the target of adjusted cyber attacks, causing $ 1.5 billion in unauthorized withdrawal. The incident sent a shock wave through the global encryption ecosystem, but BYBIT’s rapid response and powerful infrastructure were maintained in a state that the transaction was not stopped. During the next few weeks, the fluidity, transaction depth and user trust of the platform popped out at a significant speed.

30 -day switching led by market structure innovation

According to KAIKO’s analysis, BYBIT’s Bitcoin liquidity (caused by 1% depth) has an average of $ 13 million per day by the end of 2025, consistent with the pre -dictionary level. Liquidity recovered from 0.1%to 8%of the intermediate price in all order books, emphasizing in -depth institutional participation.

The main cause of this recovery was to launch the retail price improvement (RPI) order the day before the attack on February 20. The unacceptable orders of BYBIT’s interface and APIs are placed by institutional market manufacturers to improve the price conditions of retailers. After the volatility after running, the RPI order helped to protect the manual user from the stabilization of transactions, spreading and carnivoring algorithms.

Altcoin market strength and narrow spread

Liquidity recovery is not limited to Bitcoin. More than 80% of the pre -market depth of the top 30 Altcoin’s pre -market has been restored until March. The spread of major tokens, including high -level assets such as Doge and XRP, has been greatly suspended, indicating that the execution cost has been improved and the trust of market manufacturers has become renewed.

BID-ASK spread volatility, the main indicator of market stress, has also decreased throughout March, improving order book stability and increasing the participation of liquidity providers.

The volume recovers faster than the previous crisis

In the midst of macroeconomic uncertainty, the wider market sentiment was kept careful, but BYBIT’s trading volume rebounded faster than after being shocked, such as the 2016 Bitfinex Hack or 2023 Binance.us SEC case.

According to Kaiko’s data, BYBIT’s hourly trading volume has reached $ 1.2 billion immediately after the incident. The volume fell in line with the weekend trend, but afterwards, it was normalized and steadily started climbing.

Transparency

One of the most noticeable takeouts in the KAIKO report is BYBIT’s transparency throughout the recovery process. Although other platforms in similar situations have suffered long -term liquidity, BYBIT’s public communication and pre -market structures have helped to restore trust and stabilize conditions faster than industry norms.

As the encryption market matures, exchange is increasingly measured by how it reacts not only in the boom but also to adversity. BYBIT’s rapid liquidity rebound and devotion to user -centered innovation have set a new benchmark for the industry’s operational elasticity.

#Bybit / #thecryptoark

About Bybit

BYBIT is the world’s second largest cryptocurrency exchange, providing services to the global community of more than 60 million users. Founded in 2018, BYBIT is a simple, open and equal ecosystem for everyone to redefine openness in the distributed world. BYBIT Partners focuses on Web3 to provide strong infrastructure and use major blockchain protocols to provide powerful infrastructure and lead chain innovation. Bybit, famous for safe custody, various market places, intuitive user experience and advanced blockchain tools, solves the gap between Tradfi and Defi and enhances Builder, Creators and Apnusiasts to exert all the potential of Web3. Discover the future of distributed finance on bybit.com.

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