DID LIQUIDITY IN CRYPTO JUST DRY UP?

Summary from the TLDR Crypto newsletter

The Bybit hack on February 21, declared the "largest financial heist in history" by Arkham Intelligence, has significantly dampened crypto market sentiment, surpassing previous major hacks like PolyNetwork's $611M theft. Combined with reduced risk appetite, technical pullbacks, and broader market volatility, these factors have led to decreased liquidity and pressure on crypto markets, though such pullbacks are not uncommon in bull runs.