How did the BYBIT penetration of $ 1.5 billion affected the encryption market? In -depth analysis

Less than two months ago, the BYBIT exchange was one of the largest attacks in the history of the encryption sector, losing about $ 1.5 billion in Ether (ETH) for cyber criminals. While the leading trading platform may have heavily recovered from the effects of the attack, market experts analyzed the data that showed how it managed to move in the accident.

After death a report Blockscholes obtained by Crypto Presential Research Lockschns reveals the extent to which penetration was deeply affected in the broader encryption market, Ferroes PID-SS, and the role of new retail price improvement orders (RPI) in the platform recovery.

How to penetrate bybit on the market

I remember that the attack targeted one of the cold BYBIT’s ethereum. Blockscholes revealed that the sale that followed the accident was not unique for Crypto because the market was already witnessing a major removal of encryption assets due to many total events, including customs tariff tensions and artificial intelligence Deepseek (AI).

Analyzing the effect of penetration on immediate trading sizes, analysts noticed a short rise in the clock trade volume of all Tether pairs (USDT) away from the middle. After the height, there was a significant decrease in Bitcoin (BTC) and the ALTCOIN trading volume in the following days.

The BYBIT share in the immediate trading market decreased from 11 % to 4 %, and the BTC trading rate decreased from 50 % to less than 20 %, while ETH sizes remained relatively stable. Although these volumes are not yet to the high levels that were seen at the beginning of the year, there was a great recovery. The total trading share increased by a few points to 6-7 %.

Despite the diving in trading sizes, the bidding differences remained narrow. This scale measures the difference between the lowest demand price and the highest offer price. A more compact spread indicates high liquidity and low risk of implementation.

Fast recovery

After the penetration on February 21, PEPE (PEPE) and official Trump (Trump) witnessed a major change in the demand for the request book; BTC and even ETH, the assets that were stolen during the attack, witnessed the lowest spread, to record minimal changes after the accident. However, the depth of the Bitcoin and ETHEREUM application book has been quickly recovered within a week, a development attributed to the BYBIT RPI orders.

RPI orders aim to enhance liquidity exclusively for retailers. The feature is a unique sub -range of requests made by market makers or institutionalized participants open to retail traders who interact manually with the BYBIT user interface.

Bybit is presented RPI orders on February 17, a few days before penetration. Therefore, while the market tried to recover from the accident, there was a good depth of request books, deep liquidity bathrooms, and partnerships in providing more strict bids for retail traders on Beit.