Bybit’s ETH Reserves Recover: 139,000 ETH Net Inflow Post-Hack, Insights from CryptoQuant

According to Julio Moreno, the head of research at CryptoQuant, there have been positive developments regarding Bybit’s ETH reserves as of February 23. The exchange has reported a gradual recovery in its net inflows, which now stands at a notable 139,000 ETH since the recent hack incident. This resurgence could indicate increased confidence among investors and traders in the platform’s security measures and operational integrity. As cryptocurrency exchanges continue to navigate the implications of security breaches, tracking the recovery of reserves such as Ethereum is critical for assessing their resilience. The management of digital asset allocations will be pivotal not only for Bybit but also for the broader crypto market, where trust remains a crucial factor for sustained growth. Monitoring these trends allows stakeholders to make informed decisions in an ever-evolving landscape.