Analysis: Bybit’s retail price optimization mechanism may be the key factor in its rapid recovery

Odaily News The Block Scholes report pointed out that the retail price optimization mechanism launched by Bybit was the key factor in its rapid recovery after the hacker attack. This mechanism allows Bybit's retail traders to have exclusive liquidity, giving them the opportunity to obtain deeper order books and tighter bid-ask spreads than institutional or API-trading automated traders.
Data shows that by late March, RPI orders accounted for more than 50% of the order book depth within 5-10 basis points of the mid-price, and 30% within 5 basis points. (Decrypt)