Bybit’s ETH/USDT Market Hit Hardest as Ethereum Shorts Liquidate $42.33 Million Amid Price Surge

Ethereum shorts saw significant liquidations as prices surged, with Bybit’s ETH/USDT market bearing the brunt of the losses. Over $258 million was liquidated across 2,086 traders in the last 24 hours.

Ethereum Shorts Liquidated Amid Price Surge

Ethereum shorts saw $42.33 million in liquidations as the price surged. Over the last 24 hours, 2,086 traders were liquidated for a combined $258.34 million in losses, with Bybit’s ETH/USDT market hit the hardest for $2.65 million. In the 12-hour window, Ethereum made up $42.33 million of the $126.18 million in total liquidations, mostly from short positions being closed out. Bitcoin liquidations trailed at $33.24 million, with other assets combined for under $12 million. On average, over 76% of liquidations were long positions across major assets.

Bybit CEO Unveils AI Integration Blueprint

Bybit CEO Ben Zhou revealed on April 23, 2025, the exchange’s plan to fully integrate AI tools for both internal and client use. One of the primary AI tools for users is CryptoLens, which provides in-depth analysis on any crypto project. Crypto exchanges are increasingly integrating AI into their operations to enhance tools and processes.