Summary
- In May, Bybit's Bitcoin open interest reached $8.5 billion, marking an all-time high.
- The report added that Ethereum and Solana also broke records, hitting $8.5 billion and $1.2 billion, respectively.
- It was reported that Bybit's market liquidity surpassed pre-hack levels.
In May, the Bitcoin (BTC) perpetual futures (OI) on the cryptocurrency exchange Bybit reached an all-time high.
On the 1st (local time), Glassnode reported, "In May, Bybit's Bitcoin open interest reached $8.5 billion, setting a record high." The report added, "Ethereum (ETH) and Solana (SOL) also broke their own all-time highs, recording $8.5 billion and $1.2 billion, respectively."
Bybit's market liquidity also rose significantly. The report noted, "Bybit's liquidity in May surpassed levels seen before the hacking attack."
Previously, in February, Bybit suffered the theft of $1.4 billion worth of Ethereum.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
