Bybit Guide

Here are three simple steps to take to prepare for the next bull run with Bybit: 1) Relearn how to get ahead in the crypto market, 2) Reset your trading strategies, 3) Refresh your understanding of Bybit’s latest products and activities.

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If you're like most people, you're probably still recovering from the last 

top cryptocurrencies have recently seen exciting gains 

while the Federal Reserve continues to raise rates in an effort to cool 

% and has remained at around these levels. Judging from their climb in the price charts, it's time to start thinking about the next bull run.

There are a few necessary steps to prepare for a crypto 

. First, you should carefully research the crypto market to identify potential opportunities. While the market is showing signs of a bull run, market conditions can change abruptly. 

Here are three steps you can take to make sure you're ready for the next big crypto opportunity with Bybit.

1) Relearn how to get ahead in the crypto market by understanding the latest bull run opportunities.

2) Reset your trading strategies to venture into the market at a slow and safe pace.

3) Refresh your understanding of Bybit’s latest next level suite of products and activities. 

 is a market momentum phenomenon characterized by crypto prices rising rapidly to unprecedented heights. To be fully prepared for the next crypto bull run, you'll have to know the best strategies moving forward so that you can take advantage of this golden opportunity to reap incredible profits.

Of course, you'll always have to be prepared for any possible market 

 or even a bear market, especially with the Fed’s 

 to bring inflation under control. Regardless of the 

, you can always make profits as long as you understand how different markets behave during different cycles and adopt the right strategies for each cycle. 

By staying informed about recent developments in crypto trading and having a solid strategy in place, you can successfully navigate any type of market conditions you may encounter. 

Bybit offers numerous tools and products that can help you accelerate your asset growth in all market conditions, which will be explored later on in the article. Let's first take a look at the latest opportunities you shouldn't miss. 

. However, there are still some key developments you should look out for. The first is 

, which will cause the ETH supply to drop to an equivalent of three 

. There is also the Ethereum Shanghai upgrade which adds liquidity to Ethereum as well as the rise of Layer 2 (L2) projects that benefit from the Merge. With such developments, the 

Since the Ethereum Merge was implemented, users could stake their ETH in the 

 but could not unstake their ETH. The Ethereum Shanghai upgrade is a 

 slated for March 2023 that adds the ETH withdrawal feature to allow users to remove their staked ETH.

The Shanghai upgrade gives stakers the option for a flexible withdrawal of their ETH, leading to increased liquidity which in turn encourages more active trading. There is also a rise in 

 through liquid staking protocols such as 

 in which investors can stake as little as 0.01 ETH compared to the minimum 32 ETH needed to stake on Ethereum. New Ethereum staking infrastructures like 

 that help further decentralize ETH staking also create even more investment and trading opportunities.

How You Can Profit From Ethereum Shanghai Upgrade

There are various ways in which you can profit from the Shanghai upgrade. The first is to simply stake in Ethereum directly or stake ETH in the new Ethereum-based liquid staking protocols. The increase in liquidity also potentially encourages more trading activities in the market as users can now withdraw and sell their staked ETH. Since it is a positive event, it is likely that the price of ETH will go up, so you can go long on your trading order to earn from the price rally.

However, while the Ethereum Shanghai upgrade presents the possibility to drive the crypto bull run, there is no guarantee. Such a change could bring greater volatility and cause a crypto pullback, hence it’s important to diversify your options and trade in another 

 like Bitcoin or even consider investing in high-quality 

This exciting Ethereum hard fork is brimming with endless possibilities. Bybit will also be launching campaigns and activities in line with the upcoming Shanghai upgrade. So remember to stay tuned to weekly 

 for the latest Ethereum Shanghai upgrade news! But before you participate in the Shanghai upgrade campaigns, you can first trade ETH as a 

2. Best Trading and Investment Strategies for a Bull Run

In a bull market, prices can rise quickly while consumer sentiment remains high. These conditions may entice some investors to throw caution to the wind. However, the crypto market can be unpredictable. So even in a hot crypto bull run, taking a conservative approach and entering slowly to balance your risk and reward would be more advantageous. 

 (DCA) helps to moderate volatile price fluctuations and smoothen out average prices. That said, in a strong bull market, DCA may not be the best option if the prices keep rising. In such cases, it may be more profitable to invest a significant amount in a blue chip crypto and hold it.

The crypto market is fraught with risks, but there are ways to manage them regardless of market conditions. One method is to place 

 to automatically execute your order once the asset’s price dips to a predefined level. Another is to calculate the 

 which helps you determine a reasonable stop-loss and 

 describes the process of using borrowed funds to make crypto investments to magnify your position. Always practice 

 in moderation because while you can amplify your gains, it also exposes you to significant loss as your investment may be subject to a margin call or even liquidated if the price drops below a certain threshold. 

Timing the crypto market is virtually impossible due to constantly changing conditions and extreme volatility. With this in mind, securing profits regularly is a smart idea. By selling a small portion of your position for a profit, you can lock in your gains while still keeping the opportunity to profit from future price increases.

When you diversify your investments, you open up yourself to new opportunities and lower your risk simultaneously. Besides blue chip crypto and 

, for example, offers up to 2,000 USDC in rewards. You can stand to earn these rewards by simply depositing at least 50 USDC and meeting a minimum volume for derivatives trades. 

 your position to reduce your overall risk and maximize returns during bullish market cycles. Bybit is the only exchange that offers 

 is a low-risk product that enables you to stake your favorite tokens and 

 on them. It offers both flexible and fixed terms and you can choose to stake and unstake your tokens at any time.

, you use assets in your Spot Account as collateral to borrow funds from Bybit to trade. This allows you to enter at a larger position than regular spot trading and realize greater gains as a result, though it is also potentially riskier.

If you have more than one account on Bybit, you can consolidate those accounts with Bybit’s 

 (UTA) for endless optimized trades. With UTA, you can easily manage Spot, Spot Margin, USDT and USDC 

 as well as USDC Options all in one account without a need to transfer assets from one account to another. Your risk management is also enhanced as the margin is calculated at the account level rather than on the position. 

 an established trader’s trading strategies. 

By copying another trader’s portfolio, you can benefit from their experience without having to do any of the research yourself. Enhanced with 

, you have all the tools that will simplify your trade and reduce your risks so that you can make secure profits.

 lets you cruise through your trades with ease through automation. With trading bots, you will set the parameters for trading activities up front, and the bot will automatically execute activities to optimize returns and minimize losses. For the bull market, consider the 

, which is ideal regardless of any market conditions. The DCA Bot automates the DCA strategy for you and is highly customizable according to your investing preferences. And unlike standard grid trading, the 

 also works well in uptrending markets as it gives you the option to execute Long orders. 

 is another tool that allows you to profit based on market movement over a predetermined period. Whether the market moves upward or downward, an accurate prediction can yield a return, thereby making it suitable to use during bull runs. 

Liquidity is always high during bull markets thanks to high levels of trading activities. That means as a liquidity provider, you can earn more by adding liquidity to the liquidity pool. 

 allows those who add liquidity to its liquidity pools to profit off swap fees and 

. More trading equals more fees collected. You simply contribute assets to the liquidity pool and you will receive a daily yield. There is no locked period so you’re free to remove your assets anytime you want.

During a crypto bull run, one can expect more initial DEX offerings (

) to be held, which means more investment opportunities. With 

, you can get informed about the latest IDO projects and participate in them to purchase a token at its launch price to reap profits when the price rises later on. If you’re interested in trading NFTs, the 

 also offers you early access to low-price, high-quality NFTs that will appreciate quickly in value. In addition, you can enjoy the perks of a simplified decentralized exchange (

) with low fees and high leverage of up to 20x through 

 trading model that traditional traders are more familiar with. 

So, are you ready for the next crypto bull run? All you need to do is understand the latest opportunities in the crypto market, adjust your trading and investment strategies, and Bybit can help you with the rest with its comprehensive range of tools and products that are collectively suitable for all investment strategies and market conditions. So 

3 Steps To Get Ready for the Next Bull Run With Bybit

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