Bybit Co-CEO Helen Liu Announces Sudden Resignation to Pursue New Venture

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BitcoinWorld Bybit Co-CEO Helen Liu Announces Sudden Resignation to Pursue New Venture In a significant development for the cryptocurrency industry, Bybit announced on March 15, 2025, that co-CEO Helen Liu will resign from her position effective April 30, creating immediate speculation about the exchange’s future direction and leadership stability. Bybit Co-CEO Helen Liu Announces Leadership Transition Bybit, one of the world’s leading cryptocurrency exchanges, confirmed Helen Liu’s resignation through an official statement. The company revealed Liu will depart to pursue a new venture, though specific details about her next move remain undisclosed. This announcement follows Liu’s appointment as co-CEO just last year, making her tenure in the dual leadership role relatively brief. Bybit further clarified it does not plan to name a direct successor, indicating confidence in its existing leadership structure. The cryptocurrency community immediately noted the timing of this announcement. Furthermore, it coincides with increasing regulatory scrutiny globally. Many industry observers consider leadership stability crucial during such periods. Bybit’s decision to continue without appointing a new co-CEO suggests strategic confidence. The company emphasized its commitment to expanding global operations despite this executive change. Helen Liu’s Career Trajectory at Bybit Helen Liu joined Bybit in 2020 during a critical growth phase for the exchange. She initially served as Vice President of Human Resources and Marketing, bringing substantial corporate experience to the cryptocurrency sector. Liu quickly demonstrated operational excellence, leading to her promotion to Chief Operating Officer (COO) in 2022. Her appointment as co-CEO in 2024 represented a significant milestone, both for her career and for Bybit’s organizational structure. During her five-year tenure, Liu contributed to several key initiatives: Global Expansion: Oversaw market entry strategies for multiple regions Operational Efficiency: Streamlined internal processes and compliance frameworks Talent Development: Built robust human resources systems during rapid growth Brand Positioning: Enhanced Bybit’s market presence through strategic marketing Industry analysts recognize Liu’s departure as part of a broader trend. Executive mobility in cryptocurrency has increased significantly since 2023. The table below illustrates recent high-profile moves: Executive Previous Position New Position Year Helen Liu Bybit Co-CEO Undisclosed Venture 2025 Brett Harrison FTX US President Architect Financial 2023 Alesia Haas Coinbase CFO Remained Consultant 2024 Industry Context and Executive Mobility The cryptocurrency sector experiences higher executive turnover than traditional finance. Several factors contribute to this phenomenon. Rapid industry evolution creates constant new opportunities. Additionally, regulatory pressures increase leadership challenges. Many executives also seek entrepreneurial ventures after gaining cryptocurrency experience. Bybit’s current position makes this transition particularly noteworthy. The exchange ranks among the top five globally by trading volume. Its user base exceeds 20 million registered accounts. Furthermore, Bybit maintains operations in over 160 countries. Leadership stability directly impacts user confidence during market volatility. Bybit’s Leadership Structure Moving Forward Bybit confirmed it will maintain its current leadership framework without appointing a new co-CEO. Ben Zhou, the other co-CEO, will continue leading the company’s strategic direction. The existing executive team includes experienced professionals across critical functions. This structure suggests Bybit prioritizes continuity during this transition period. The company’s statement emphasized several key points: Business Continuity: Operations will proceed without disruption Strategic Focus: Global expansion remains the primary objective Team Strength: Confidence in existing management capabilities User Assurance: Commitment to maintaining service quality Market analysts generally view this approach positively. Single-CEO structures often enable faster decision-making. However, some observers express concerns about increased pressure on remaining leadership. The cryptocurrency market’s volatility requires particularly resilient management teams. Potential Impacts on Bybit’s Operations Executive transitions inevitably create operational considerations. Bybit faces several immediate priorities following this announcement. Maintaining employee morale during leadership changes requires careful management. Additionally, the company must reassure institutional partners about stability. User confidence represents another critical consideration. Historical data suggests well-managed transitions minimize disruption. Major exchanges like Coinbase and Binance navigated similar changes successfully. Bybit’s established processes should facilitate a smooth handover. The company’s growth trajectory indicates strong fundamental operations. Regulatory compliance remains particularly important during leadership transitions. Global cryptocurrency regulations continue evolving rapidly. Bybit’s compliance team must ensure uninterrupted adherence to all requirements. The company’s statement specifically addressed this concern, emphasizing ongoing commitment to regulatory standards. Cryptocurrency Industry Leadership Trends Executive movements within cryptocurrency reflect broader industry patterns. Founding teams often transition to new ventures after establishing successful companies. Additionally, traditional finance executives increasingly enter the cryptocurrency space. This cross-pollination brings diverse experience to the industry. Helen Liu’s career progression exemplifies this trend. Her background combines traditional corporate experience with cryptocurrency innovation. Such profiles remain highly valuable as the industry matures. Other exchanges will likely monitor her next venture closely. Conclusion Bybit co-CEO Helen Liu’s resignation marks a significant leadership transition for one of cryptocurrency’s major exchanges. Her departure to pursue new ventures follows a successful five-year tenure that saw Bybit’s substantial growth. The company’s decision to continue without appointing a successor reflects confidence in its existing structure. This development highlights the dynamic nature of cryptocurrency executive mobility while testing Bybit’s organizational resilience during a period of global expansion and increasing regulatory attention. FAQs Q1: When exactly is Helen Liu leaving Bybit? Helen Liu’s resignation becomes effective on April 30, 2025, according to Bybit’s official announcement made in March 2025. Q2: Will Bybit appoint a new co-CEO to replace Helen Liu? Bybit has stated it does not plan to name a successor, indicating the company will continue operating under its existing leadership structure with Ben Zhou as the remaining co-CEO. Q3: What was Helen Liu’s role before becoming co-CEO? Liu joined Bybit in 2020 as Vice President of Human Resources and Marketing, was promoted to Chief Operating Officer in 2022, and became co-CEO in 2024. Q4: How might this leadership change affect Bybit users? Bybit has emphasized business continuity, stating operations will proceed without disruption and that user services will maintain their current quality standards during this transition. Q5: Is executive turnover common in the cryptocurrency industry? Yes, the cryptocurrency sector experiences higher executive mobility than traditional finance due to rapid industry evolution, regulatory pressures, and numerous entrepreneurial opportunities emerging constantly. This post Bybit Co-CEO Helen Liu Announces Sudden Resignation to Pursue New Venture first appeared on BitcoinWorld .

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Crypto Futures Liquidations Unleash $210M Carnage as Long Traders Face Brutal 24-Hour Reckoning

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BitcoinWorld Crypto Futures Liquidations Unleash $210M Carnage as Long Traders Face Brutal 24-Hour Reckoning A sharp market downturn triggered a significant wave of forced position closures across major cryptocurrency derivatives exchanges on March 21, 2025, wiping out an estimated $209.84 million in leveraged bets within a single 24-hour period. This event highlights the persistent risks embedded in the high-stakes world of crypto futures trading, where rapid price movements can swiftly erase capital. Data from multiple trading platforms reveals a clear pattern: the vast majority of these liquidations affected traders betting on price increases, underscoring a sudden and powerful shift in market sentiment. Crypto Futures Liquidations: A Detailed Breakdown The liquidation data provides a clear snapshot of the market’s most vulnerable points. Analysts compile this information from aggregated exchange feeds to estimate total capital erased from leveraged positions. The figures represent not just lost funds but also critical market mechanics at work. When prices fall swiftly, leveraged long positions become underwater, triggering automatic sell orders from exchange systems to prevent further losses for lenders. Consequently, this process can accelerate downward price momentum, creating a feedback loop known as a liquidation cascade. Bitcoin (BTC) , the market leader, saw the largest single amount liquidated. Approximately $132.79 million in BTC perpetual futures positions were forcibly closed. Notably, long positions—bets that BTC’s price would rise—constituted a staggering 83.66% of this total. This indicates that the price drop caught a significant majority of leveraged Bitcoin traders on the wrong side of the market. Ethereum (ETH) followed, with $63.73 million in futures positions liquidated. The ratio was even more skewed toward longs here, with 85.74% of the liquidated volume coming from bullish bets. This suggests Ethereum’s derivatives market experienced similar, if not more pronounced, selling pressure on leveraged long contracts. Solana (SOL) , while representing a smaller total volume, displayed the highest concentration of long position liquidations. Out of $13.32 million in closed positions, 88.67% were longs. This high percentage often points to a market where bullish leverage was exceptionally crowded before the correction began. The Mechanics of a Liquidation Event Understanding these numbers requires a grasp of how perpetual futures contracts function. Unlike traditional futures with set expiry dates, perpetual contracts, or “perps,” allow traders to hold leveraged positions indefinitely, provided they maintain sufficient collateral. Each contract has a liquidation price, calculated based on the entry price, leverage used, and maintenance margin requirement. If the market price hits this liquidation threshold, the exchange automatically closes the position to recover the borrowed funds. This process is instantaneous and non-negotiable, protecting the exchange’s lending pool but often devastating for the trader. Context and Catalysts for the Sell-Off Market analysts point to several converging factors that likely precipitated this liquidation wave. Firstly, cryptocurrency markets had experienced a sustained period of upward momentum in the preceding weeks, encouraging increased leverage from optimistic traders. This buildup of long positions creates a technically overextended market, ripe for a correction. Secondly, broader macroeconomic indicators released on March 20, including stronger-than-expected inflation data, renewed concerns about prolonged high interest rates. Historically, such news triggers risk-off sentiment across all speculative asset classes, including digital assets. Furthermore, on-chain data from analytics firms showed a noticeable increase in Bitcoin transfers to exchange wallets in the hours before the drop. This activity often signals intent to sell. The combination of technical over-leverage, macroeconomic headwinds, and on-chain selling pressure created the perfect storm. The initial price decline likely triggered the first batch of liquidations, which then fueled further selling as automated systems closed positions, amplifying the move. Historical Comparisons and Market Impact While notable, the scale of this event remains below historical extremes. For instance, during the market turmoil of 2022, single-day liquidation volumes regularly exceeded $1 billion. The $209.84 million figure, while significant, indicates a market that may be managing leverage more cautiously than in previous cycles, possibly due to improved risk management tools and trader education. However, the high percentage of long liquidations consistently mirrors past corrections, where bullish exuberance gives way to rapid deleveraging. The immediate impact extends beyond just the traders who lost funds. High liquidation volumes can increase market volatility and widen bid-ask spreads temporarily. They also serve as a stark reminder of the risks of leverage, potentially cooling speculative fervor in the short term. For long-term investors, such events can present buying opportunities as panic selling subsides, though timing such entries remains highly challenging. Risk Management and Trader Psychology Events like this underscore the critical importance of disciplined risk management in futures trading. Experts consistently advise using lower leverage multiples, setting stop-loss orders well before liquidation prices, and never risking more capital than one can afford to lose. The psychological component is equally vital. The fear of missing out (FOMO) often drives traders to enter over-leveraged long positions during rallies, while the fear of further loss can cause panic during declines, exacerbating the sell-off. Exchanges have also evolved their systems to mitigate cascading effects. Many now employ a two-tiered liquidation process: first, attempting to reduce a position by placing a large market order, and only fully closing it if that fails. Some platforms also use insurance funds to cover positions that cannot be closed at the bankruptcy price, protecting other traders from automatic loss socialization. Despite these improvements, the fundamental risk of leverage—magnified gains and losses—remains unchanged. Conclusion The recent 24-hour crypto futures liquidations event, totaling nearly $210 million, provides a concrete case study in market dynamics and leverage risk. The overwhelming dominance of long position liquidations for Bitcoin, Ethereum, and Solana clearly illustrates how swiftly sentiment can shift and how crowded trades can unravel. While the scale is not historically unprecedented, it serves as a powerful reminder for all market participants about the volatile nature of cryptocurrency derivatives. Ultimately, sustainable participation in this market requires respect for leverage, a commitment to continuous education, and a robust, unemotional risk management strategy. FAQs Q1: What does “liquidation” mean in crypto futures trading? A1: Liquidation is the forced closure of a leveraged futures position by an exchange. It occurs when a trader’s collateral falls below the required maintenance margin, meaning they can no longer cover potential losses. The exchange automatically sells (for a long) or buys back (for a short) the contract to repay the borrowed funds. Q2: Why were most of the liquidations long positions? A2: The data indicates the market was in a downtrend during this period. Long positions lose value when prices fall. Since the data shows a strong pre-existing bullish bias (high leverage on long side), the price drop triggered margin calls primarily for those betting on price increases. Q3: How does a liquidation wave affect the broader spot market price? A3: It can create additional selling pressure. When a long position is liquidated, the exchange executes a market sell order to close it. A high volume of these automatic sells can push the price down further, potentially triggering more liquidations in a cascading effect, amplifying the initial downward move. Q4: What is a “perpetual futures” contract? A4: A perpetual futures contract is a derivative instrument that allows traders to speculate on an asset’s future price without an expiry date. Positions can be held indefinitely as long as margin requirements are met. They use a funding rate mechanism, periodically paid between long and short traders, to tether the contract price to the underlying spot market. Q5: Can traders avoid liquidation? A5: Yes, through proactive risk management. Key methods include: using lower leverage, depositing additional collateral (margin) if the position moves against you, and setting a stop-loss order at a price level *before* the exchange’s calculated liquidation price. This allows for a more controlled exit. This post Crypto Futures Liquidations Unleash $210M Carnage as Long Traders Face Brutal 24-Hour Reckoning first appeared on BitcoinWorld .

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Solana Rally Over? SOL Risks 2022-Like Correction As Price Erases Mid-Week Recovery

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As the broader crypto market retraces, Solana (SOL) has erased its recent gains despite strong institutional demand for investment products based on the cryptocurrency. Some analysts have now suggested that the altcoin risks a deeper pullback similar to its 2022 correction. Related Reading: Ethereum ETFs Record Best Single-Day Performance Since January With $169M Inflows Solana Loses Mid-Week Gains As Market Wobbles On Friday, Solana dropped 7% intraday to retest the $84 area again, retracing most of its intraweek gains. The cryptocurrency had been trading between $78-$88 since the early February crash, attempting to break out of its local range but ultimately failing. Amid the ongoing market volatility, driven by the US-Israel war with Iran, the altcoin jumped 13% on Wednesday, reaching a multi-week high of $94.05 before stabilizing between the $88-$92 area. Market observer Trader Tardigrade affirmed that Solana could target the $100 barrier if the breakout confirmed. He noted that the cryptocurrency was retesting the consolidation range breakout area as support, which could form a base for a climb to higher levels. Nonetheless, SOL’s price has now fallen back into its one-month accumulation range after failing to hold the breakout level on Friday morning. Rekt Capital observed that broader market conditions resemble early-stage Bear Market behavior, which could suggest Solana may be preparing for a deeper correction. Per the analysis, the altcoin has historically deviated below the $123.28 historical support when it was lost on the monthly timeframe. In 2022, after losing this level, SOL produced a deviation below it and traded below the $99.06 psychological level before rejecting from this area. Therefore, a new monthly close below both $123.28 and $99.06 could signal that these levels have been officially lost as support. However, it also opens the door to a rally back into them to retest them as resistance, similar to 2022. Shallow rebounds could lead to rejection from the $99.06 region quickly, he explained. Meanwhile, a stronger relief rally could allow Solana to revisit the $123.28 level before determining whether additional downside continuation is next. SOL ETFs ‘Defy Physics’ Despite its recent price decline, experts have emphasized the positive sentiment exhibited by traditional investors toward Solana, as evidenced by the performance of investment products that track the altcoin’s price. In an X post, Eric Balchunas, Bloomberg Intelligence Senior ETF Analyst, stressed that although the cryptocurrency’s price is currently 57% down from when its spot Exchange-Traded Funds (ETFs) first launched in July, the category has accumulated $1.5 billion in flows and has “not really given any of it up.” He noted that half of those inflows have come from institutional investors, which he deemed a “serious investor base” and “really good signs” for the category’s future. “In reality/history of ETFs launching into that kind of downturn is near impossible to get inflows. Most wouldn’t even make it to age one or two if they went down 57% in the first six months. Timing is very important. Solana is defying physics here,” he explained. Related Reading: Bitcoin Reclaims $73,000 Amid Iran War Volatility, But Analyst Issues Key Warning Additionally, he offered a broader perspective by adjusting SOL’s $50 billion market capitalization to Bitcoin’s (BTC) $1.4 trillion market cap. As he detailed, Solana ETFs have seen the equivalent of $54 billion in net new flows, approximately double what Bitcoin ETFs experienced at the same stage post-launch, when BTC was in an uptrend. However, it’s worth noting that the category experienced its first negative day in over a month on Thursday, with $5.23 million in outflows, according to SoSoValue data. Featured Image from Unsplash.com, Chart from TradingView.com

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Bitcoin Could Outshine Gold Through 2029, Macroeconomist Predicts

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The gap between how investors feel about gold and Bitcoin has rarely been this wide. Gold’s fear and greed index sat at 72 out of 100 — deep in greed territory — while the top crypto’s equivalent reading hit 18 out of 100, a level classified as extreme fear. For macroeconomist Lyn Alden, that gap tells a story worth paying attention to. A Contrarian Bet On Bitcoin’s Next Two To Three Years Alden, speaking on the New Era Finance podcast this week, said that if she had to choose between the two assets for the period ahead, she’d pick Bitcoin . “Gun to my head, if I had to say which one I think outperforms, I would say Bitcoin,” she said. Gold has climbed hard. Bitcoin has fallen far. She sees a pendulum between the two, and right now it has swung well in gold’s favor. That, she argued, sets up a potential reversal. Gold reached a record high of around $5,608 per ounce in January. Bitcoin, by contrast, is sitting roughly 44% below its own peak of $126,000, reached last October. The divergence in price performance mirrors the divergence in investor mood. Alden acknowledged gold’s run but stopped short of calling it a bubble. Sentiment around it is “somewhat euphoric,” she said, while the mood around Bitcoin has turned what she described as unfairly negative. She was careful not to overclaim. Both assets can rise at the same time. Both can fall. She does not treat the relationship between them as fixed or predictable with certainty. But pressed to make a call, she made one. Gold’s Strength Could Be Bitcoin’s Opportunity The backdrop to Alden’s comments is a broader debate about which asset deserves the title of reliable store of value. Billionaire investor Ray Dalio has come down firmly on gold’s side. Speaking publicly this week, Dalio described gold as the most established form of money and pointed to its standing as the second-largest reserve asset held by central banks worldwide. He raised concerns about Bitcoin’s limitations around privacy and its vulnerability to quantum computing advances — a technological threat that remains years away but is drawing increasing attention as construction begins on large-scale quantum facilities. I think Bitcoin could reach $1M by ~2030 based on current conditions and progress. Think long-term. pic.twitter.com/6MKqrjojAP — Brian Armstrong (@brian_armstrong) September 24, 2025 Dalio’s position and Alden’s are not entirely at odds. Neither dismissed either asset outright. The question is about which performs better over a defined window, not which survives long-term. Related Reading: Stablecoins Pose Fresh Risk To Eurozone Lending, ECB Says

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Crypto Crime Hits $154B in 2025 but It’s Below 1% of Onchain Activity

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Illicit crypto transactions surged to record levels in 2025, yet the digital asset economy continues expanding as legitimate adoption accelerates worldwide, highlighting a rapidly growing blockchain ecosystem that still overwhelmingly operates within legal activity. Illicit Crypto Flows Surge While Global Adoption Accelerates Despite the rise in illicit activity, the broader cryptocurrency ecosystem continues to expand

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Bitcoin Bounce Fails As Short-Term Holders Rush To Take Profit

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Bitcoin’s latest rebound to $74,050 on Thursday is running into immediate selling pressure as short-term holders move coins to exchanges in large volumes, suggesting the market’s most reactive cohort remains unconvinced by the recovery. On-chain data shared by CryptoQuant contributors indicates that traders who bought Bitcoin only weeks ago are now locking in gains rather than holding through the bounce, creating a fresh pocket of supply just as the market attempts to stabilize. Bitcoin Short-Term Holders Cash In According to CryptoQuant contributor Darkfost, more than 27,000 BTC in profits were sent to exchanges by short-term holders (STHs) over the past 24 hours, one of the largest spikes recorded in recent months. The metric tracks coins moved to exchanges by investors who are currently in profit, often interpreted as a precursor to potential selling pressure. Related Reading: Bitcoin Price Suppressed By Shadow Banking Rehypothecation, Saylor Says “Despite the slight recovery of Bitcoin, STHs (Short Term Holders) do not seem convinced and prefer to take profits quickly,” Darkfost wrote. “Over the past 24 hours, STHs have sent more than 27,000 BTC in profit to exchanges, which ranks among the highest levels observed in recent months.” The dynamic appears concentrated among the most recent buyers. According to the analysis, the only cohort currently able to realize meaningful gains consists of investors who accumulated Bitcoin between one week and one month ago, with a realized price near $68,000. That positioning places them directly in the money after Bitcoin’s latest bounce toward the low-$70,000 range, creating a natural incentive to exit positions quickly. “STH are known for being reactive and emotionally driven, especially the youngest cohorts,” Darkfost noted. “Current news flow and macroeconomic projections remain rather negative in the short term, which makes this behavior relatively understandable and, in this case, fairly rational.” Related Reading: Bitcoin To $11 Million By 2036? This AI-Deflation Thesis Is Turning Heads For now, that behavior translates into near-term supply. “This represents selling pressure to monitor, as STH do not yet appear willing to hold their positions for longer,” he added. Repeated Pattern Around Range Highs Separate market structure analysis points to another pattern that may be reinforcing the selling. CryptoQuant contributor Maartunn highlighted a recurring technical setup that has played out multiple times in recent months: brief breakouts above key resistance levels followed by swift reversals. “Deviations above the Range High keep getting sold,” Maartunn wrote. “Over the last few months, BTC has shown the same pattern three times: break above the range high, short-lived deviation, sharp move lower.” The most recent instance occurred as Bitcoin briefly pushed above a range ceiling near $71,000 before stalling. “The latest deviation just occurred around $71K,” he noted. “If history repeats, this level may again act as a trap for late longs.” The pattern was visible in early-October 2025 and mid-January 2026. Breakouts above local range highs were followed by rapid pullbacks, reinforcing the idea that liquidity above resistance levels has been used primarily as an exit point for sellers. At press time, Bitcoin traded at $70,127. Featured image created with DALL.E, chart from TradingView.com

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