The number of cryptocurrencies is continuously increasing, and for many, maintaining their listing on exchanges is not feasible indefinitely. Even among the top 100 cryptocurrencies, we have observed constant fluctuations over the years. Only a few cryptocurrencies have managed to maintain their dominance, with the majority entering a delisting phase, disappearing from exchanges.
The NEIROETH Decline
Bybit exchange recently announced through a warning notice concerning the termination of the futures contract for NEIROETH. This decision, resulting in the delisting of the futures pair, paved the way for a significant decline in the altcoin. The daily loss exceeded 30%, with long position holders experiencing even greater losses.
“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
The warning to close open positions contributed significantly to the downturn in futures trading, almost as much as the delisting decision itself. Investors, facing an imminent closure of their contracts in six days, opted to take their losses and close their positions, potentially deepening the dip over the next few hours.
In scenarios like this, where delisting decisions have been made, speculative upward movements can occur once the decline is over to clear reverse positions from the pair. It is advised that those taking short positions exercise extreme caution.
Reason Behind the Delist Decision
What prompted the delist decision? Bybit offers a straightforward explanation to everyone concerned. The response is as follows.
“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
