Bybit’s BTC/USD Pair Under Scrutiny for Suspected Wash Trading

CryptoQuant CEO Ki Young Ju has raised alarms about potential wash trading activities on the Bybit exchange, particularly concerning the BTC/USD pair. His analysis reveals suspicious trading patterns that suggest a deliberate manipulation of market indicators through systematic wash trading tactics. 50 trades occurring every second at just $5 per transaction raise red flags and question the legitimacy of trading activity observed in this pair. This highlights the potential for false market signals to mislead investors, leading to uninformed investment decisions based on artificially inflated data.