Core Insights - Bybit's high-net-worth (HNW) customers achieved returns of approximately 20% in 2025 despite a challenging macroeconomic environment [1] - The top-performing fund of Bybit delivered an annualized return of 20.3%, driven by high-yield USDT-based strategies, indicating a trend among HNW investors for diversified and risk-managed returns [2] - Bybit's Delta Neutral Arbitrage Strategy showed resilience against market downturns, highlighting its counter-cyclical characteristics during severe market drawdowns [3] Market Outlook - Analysts predict a potential shift in market conditions, including improved liquidity, increased institutional adoption, and enhanced regulatory clarity in key jurisdictions [4] - Bybit is positioning client portfolios to benefit from anticipated market liquidity improvements as macro conditions are expected to enhance [5]