NEIROETH has encountered serious difficulties in the cryptocurrency market. Bybit has announced the delisting of the futures contract for this altcoin, leading to a sharp decline in its value.
Decline of NEIROETH
Recently, the Bybit platform published a warning about winding down the futures contract for NEIROETH. This decision caused a significant drop in the altcoin's price, exceeding 30%. Long position holders experienced even greater losses.
> “The NEIROETHUSDT contract will be removed from the listing on 2025-09-10 11:00:00 UTC. Please close your positions and cancel your active orders for NEIROETHUSDT as soon as possible.” – Bybit
Reasons for Delisting
Bybit provided a clear explanation regarding the delisting rationale. The platform continuously monitors all trading pairs to ensure it offers users the best trading experience.
> “Bybit continually monitors all trading pairs listed to ensure we provide our users the best possible Bybit trading experience. If a trading pair no longer meets Bybit’s stringent listing criteria, it is delisted.” – Bybit
Consequences for Investors
After the announcement of the delisting, many investors began to close their positions, contributing to further price declines. In such scenarios, speculative upward movements may occur after the decline to clear reverse positions from the pair. Investors taking short positions are advised to proceed with extreme caution.
The delisting of NEIROETH from Bybit has become a significant event influencing market habits and investor strategies. Investors should closely monitor the situation's developments.
