How to have become a BYPIT response to Lazaros penetration of the distinctive stress test for Crypto – Cryptomode

DubaiThe UAEand July 1, 2025 / PRNEWSWIRE/ – PipeThe second largest exchange of encrypted currencies in the world through trading, it was presented in a new research report GlassnodeThe pioneering intelligence provider on the Onchain market trusts in higher financial institutions around the world. The results shed light on the unprecedented rate of BYBIT and how the zero stock exchange response helped contain a possible crisis, and absorbs the shock of the market that could have been sending the encryption industry to a downward cycle.

The comprehensive report, entitled Digital Assets Market: Deep Dive in Bybit-Lazarus penetrationIt analyzes the schedule, trading activity, and critical market data from unprecedented internet attack in February 2025 – the largest breakthrough in history in A Hefty $ 1.4 A billion – taking into account the major turmoil in both digital assets and traditional financial markets. Challenge the historical patterns of financial crises and the collapse of encryption, the industrial response to the breach byBit-Lazarus Hack hinders a new era of the flexibility of the digital asset market.

Always open interest and regaining volumes

The report studied the performance of three main assets circulated on BTC, ETH and Sol. After a day of penetration February 22ndThe open attention on the Bybit witnessed one of the most severe contractions due to relaxation on a large scale in the situation and forced clarification. However, during the next two months, open interest changes have often turned into positive, with most values ​​returning to long -term averages and sometimes exceeding normal fluctuations.

Follow BTC and Sol a similar pattern for ETH’s after the breach. According to the report, at the time of publication, the three were restored to pre-hunting levels, where BTC and Sol have achieved great features in May-and BTC reached the highest new level in the open future decades in 8.5 billion dollarsWhile he hit Soul $ 1.2 billion.

When examining the permanent trade volumes of ETHEREUM origin, we notice stability in the trading activity before and after the hacking event, with sizes that have not changed significantly. 8.5 billion dollars/Today, a great teacher given that Ethereum was the primary associate of the penetration, “analysts wrote in the report.

Narrowing differences: liquidity conditions stabilized

After the penetration, the deep liquidity of the Bybit – which is one of its main competitive advantages – was challenged. The liquidity of the market that suffers from immediate pressure with the expansion of the spread of PID-SS significantly and a sharp contract depth. This phenomenon referred to the withdrawal of a large -scale participant during the uncertainty period. The stock exchange completed a record 350,000 draw within 12 hours after the breach.

However, both standards have shown a fixed recovery since mid-April, with BID-SS back to the levels near the pre-calculation and the depth of the market in fact exceeded pre-fishing values ​​by May, indicating the confidence of the restored market maker and regular trading conditions.

Breaking the pattern of the crisis: Why does the Bybit penetration lead to the collapse of the industry?

Instead of sequence in panic in industry and device pressure, the piracy accident left only a temporary debit in BYBIT before the stock market rises to pre -hunting levels.

To evaluate the BYBIT operating stability, Glassnode has developed a special model based on two major two principles: Internal reformulation rate and Whale withdrawal rate. Both standards showed a period of post -hunting mutations before returning to normal levels.

The report attributed the prevention of the market temperature to “rapid operational response, transparent communication and strong internal controls”, which enabled the stock market to protect customer money and maintain the safety of the statute and contain the risk of infection.

The report adds to the increasing analytical literature on the historical piracy incident, whose effects have shown the elasticity of advanced industry by avoiding the collapse of the peripheral in previous crises such as FTX and Terra. Not only contains possible damage at the market level, but also witnessed the main assets reaching new trading records, proving that institutional practices are now included in the digital asset markets. This incident represents a pivotal shift in the ability of encryption to absorb major disorders, which transforms investor confidence and accelerating the industry.

To learn more about the report, users may visit Glassnode visions.

#Bybit / #thecryptoark

About bybit
Bybit is the second largest exchange of cryptocurrency in the world through trading size, as it serves a global community of more than 70 million users. Founded in 2018, bybit redefines openness in the decentralized world by creating a simpler and equal environmental system for all. With a strong focus on Web3, Bybit is strategically inconsistent with the leading Blockchain protocols to provide a strong infrastructure and drive innovation on the chain. She is famous for her safe custody, various markets, anchor user experience, advanced Blockchain tools, embodies the gap between Trafi and Defi, empowering builders, creators, and lovers to cancel the full capabilities of Web3. Discover the future of decentralized financing in Bybit.com.

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