According to PeckShield, February’s sharp decline in exploit activity may be linked to broader market turbulence. With Bitcoin briefly dipping below $70,000 during a correction, institutional players shifted focus toward deleveraging and managing liquidity rather than engaging in aggressive on-chain activity — a shift that may have indirectly reduced opportunities for attackers.

Analysts say structural improvements are also playing a role. Dominick John of Kronos Research noted that stronger counterparty standards, enhanced real-time monitoring, and more rigorous security frameworks are helping reduce risk. He added that artificial intelligence tools — including automated code reviews and anomaly detection systems — are increasingly identifying vulnerabilities before deployment, potentially driving a longer-term decline in losses.