Bybit releases a statement on abnormal price fluctuations of perpetual contracts

ChainCatcher message, Bybit released a statement in 2025 confirming that during the period of October 6 at 20:23 UTC, SERAPH USDT and other perpetual contracts experienced abnormal price deviations due to extreme market volatility.

The platform stated that the system logic was operating normally, but a significant reduction in liquidity led to a large discrepancy between spot and derivative prices. Affected users can seek assistance through customer service or their relationship managers, and Bybit promises to review and address related issues on a case-by-case basis within 14 working days.