In February 2025, $1.4B in ETH was stolen from Bybit in one of the largest exchange breaches to date. But unlike prior similar incidents, the event did not trigger systemic fallout.

Our new report with Bybit examines how the market absorbed this shock - using proprietary metrics to assess exchange risk, liquidity conditions, and derivatives positioning across BTC, ETH, and SOL.

Key insights:
• ETH reserves recovered from 236k to 729k
• Open interest fully rebounded and surpassed pre-incident levels
• Liquidity metrics normalized within weeks
• Whale and internal flow diagnostics showed rapid stabilization

Whether you’re a strategist, risk manager, or institutional allocator, this report offers a forensic look at real-time capital movements, investor behavior, and exchange resilience during one of the most critical inflection points of 2025.

Download it here: https://glassno.de/44HRHR0