Viewpoint: Ethereum's poor performance may lead traders to realize that Bybit will not buy ETH in large quantities and close their positions

On February 25th, according to Cointelegraph, one possible reason for Ethereum's poor performance is that traders who had expected Bybit to actively buy ETH in the public market were forced to liquidate their positions after realizing that this assumption was incorrect. Most transactions are conducted through OTC, which seems to provide sufficient liquidity to absorb demand.