Leading cryptocurrency exchange Bybit has made significant acquisitions of Ethereum (ETH) in an effort to continue smooth withdrawals following a recent hack. In the past 24 hours, Bybit has acquired a total of 106,498 ETH, valued at $295 million. The acquisitions were made through over-the-counter (OTC) transfers and highlight the growing institutional interest in Ethereum. This aggressive buying spree raises speculation about Bybit's future trading operations, user demand, and potential price movements in the market. Market observers are closely watching the exchange's next moves to anticipate further market developments.



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