In our latest Learn 101 livestream, experts reviewed 2024’s key events, lessons learned, and insights to help you prepare for 2025’s crypto landscape.

The past year in the crypto market has been an exciting one, with striking movement and major events. Anticipation for the 2025 crypto market is high — but will it soar to the moon or explode? Here, we take a look at what 2025 holds.

, we take a step back to look at Bybit’s achievements in 2024 and the crypto market as a whole, and analyze some of the key takeaways to be applied in 2025.

, provides a recap of our Learn 101 livestreams, offering you comprehensive expertise and insights from leading figures in the crypto industry in case you miss the livestream.

Joining the livestream on Dec 24, 2024, were two distinguished guests from Bybit: Joan Han, Head of Marketing and Card, and Maxim Orlov, VIP Team Lead. Under the moderation of Sabrina Chua, Crypto Evangelist and SEO Editor at Bybit, this episode explores the theme of 2025,

Crypto’s Wild Ride: Biggest Trends and Lessons from 2024

In 2024, Bybit experienced a significant surge in new users, a trend that Joan Han attributes to several key developments. The most notable was the impact of Donald Trump’s U.S. presidential election win, which drove interest in crypto as prices reacted positively. Additionally, the institutionalization of cryptocurrency and the 

 played pivotal roles in attracting new traders and investors to the market. These factors combined to fuel price growth and activity, with monthly active crypto wallets increasing by an impressive 247% between January and December 2024.

Maxim Orlov emphasizes the transformative impact of ETFs on the crypto landscape. By normalizing crypto as a legitimate investment vehicle, ETFs are encouraging adoption among users who had previously stayed out of the market. This shift has been particularly evident in Bitcoin’s net inflows, which have outpaced those of other cryptocurrencies.

Han highlights how retail investors, already familiar with traditional ETFs, are being drawn to crypto ETFs. Packaging crypto assets in a familiar structure has inspired a wave of new interest, bringing the total value of crypto assets to over $44 billion to date. She also points out that increasing legislation and a growing comfort with the crypto market have further driven its adoption. Looking ahead, Han expects even greater growth in 2025 with the implementation of further regulations.

Maxim Orlov agrees, noting that recent regulatory developments have been a game-changer for the industry. He believes these measures are paving the way for widespread adoption, providing the foundation for sustained growth.

Bitcoin in particular has benefited from this evolving landscape. Han explains that confidence in Bitcoin has surged largely due to the influence of ETFs. While the market for altcoins has also grown, their progress has been comparatively slower. She predicts that Bitcoin will continue to dominate in the near term, but acknowledges the potential for an active altcoin season, which typically follows a Bitcoin rally. Among the fastest-growing altcoins are Hedera (HBAR), Bitget Token (BGB), XRP and Stellar (XLM). However, Han stresses that altcoins require fresh marketing strategies to sustain their growth.

Orlov echoes the importance of marketing, particularly for 

. He notes that growth in this sector depends upon how well projects can capture user interest. While meme coins remain a prominent trend, he suggests that the next big wave could emerge in 

Han also touches on the geopolitical dimension of crypto adoption. Trump’s suggestion of creating a strategic Bitcoin reserve has sparked interest from other nations, potentially driving further price growth. While Bitcoin has been sluggish during the holiday season, Han expects a renewed rally once the season concludes.

Biggest Wins, Boldest Moves: Bybit’s 2024 Highlights

Bybit has solidified its position as a global crypto leader, achieving remarkable milestones in 2024. With over 60 million users worldwide, the platform now boasts an average daily trading volume exceeding $100 billion. Bybit ranks as the second-largest crypto exchange by global trading volume, further cementing its status as a key player in the industry. Notably, Bybit made headlines by launching 

 has also seen tremendous growth, and is now available in Argentina, Brazil, the Netherlands, Europe and Australia, with over 1 million users enjoying its benefits. This expansion highlights Bybit's commitment to enhancing user experience and accessibility.

Orlov highlights crypto’s mainstream acceptance, noting that it’s no longer a niche interest. “Everywhere I go, people are aware of crypto, or at least of Bitcoin,” he says. Bybit’s success lies in its continual efforts to improve its products and platforms, building on the trust it’s cultivated among its users. Han emphasizes that this assurance stems from Bybit’s user-focused approach, including 

Bybit has also expanded its trading options to meet user demand. Investors now have access to 

, thanks to the introduction of multi-asset trading. According to Orlov, this feature was launched in response to users’ direct requests, demonstrating Bybit’s adaptability to investor needs. Han points out that the Bybit Card enhances user experience with attractive rewards, including higher returns and cashback.

As a standout offering, bbSOL represents a significant milestone. The first exchange-backed LST, it delivers competitive APY with rewards that can be redeemed anytime. This makes liquid staking on Solana not only accessible, but also highly rewarding for Bybit users.

Retail investors must consistently dedicate time to identifying emerging trends in the ever-evolving crypto market. Fortunately, a wealth of information is readily available for users to explore. Orlov emphasizes the importance of diversification as a key strategy to safeguard assets. He also highlights a growing trend in adoption, driven by user-friendly products and the appeal of crypto assets that are simple for new investors to understand.

Looking ahead to 2025, Orlov advises closely monitoring both the crypto market and individual assets if an altcoin season arises. Bybit offers a wide variety of altcoins, each carefully vetted by the platform’s team. This rigorous research ensures that the altcoins listed on Bybit may present suitable investment opportunities for users seeking diversification.

Both Orlov and Han are optimistic about the year ahead for crypto and Bybit. Han predicts a surge in the number of new users entering the market, drawn by increasing accessibility and innovative products. Meanwhile, Orlov envisions an ongoing crypto revolution as the market continues to grow and mature.

This session of the Learn 101 livestream has provided valuable insights into what lies ahead for 2025 — whether it’s to be "Moon or Mayhem." As the crypto landscape evolves, staying informed is your best strategy for navigating the market. 

Intermediate

Bybit Learn Livestream 2025: Moon or Mayhem?

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Learn Live ICYMI: 2024 Crypto Market Recap & 2025 Predictions

The inaugural Solana AI hackathon, organized by SendAI, saw over 400 projects compete, focusing on AI agents and their applications in crypto.

Daily Top Performer — Secret Network (SCRT)

On Friday, the S&P fell sharply as all major industry groups faced losses, driven by rising Treasury yields and the Fed's indication of fewer interest rate cuts in 2025. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 1.04%, with Bitcoin dropping by 0.10% and Ether rising by 1.73%, in the past 24 hours.

Today's top performer is SCRT, which surged 2.25% following the launch of Claive AI by Secret Network, offering secure, decentralized AI services.

Secret Network (SCRT), launched in February 2020, is a privacy-focused blockchain using encrypted smart contracts to safeguard user data. 

, a decentralized platform for secure AI services using blockchain and confidential computing. It ensures data privacy through trusted execution environments (TEEs) and Nvidia GPUs. Developers can integrate AI services via an open-source SDK, while workers stake SCRT tokens to participate. Initially focused on large language model inference, Claive AI aims to address privacy concerns and empower users and developers.

Check Out the Latest Prices, Charts, and Data of 

, organized by SendAI, saw over 400 projects compete, focusing on AI agents and their applications in crypto. With AI agents gaining traction, some projects, like FXN, already have tokens with market caps reaching millions. The hackathon's entrants are focused on developing intelligent interfaces for the Solana ecosystem, with a strong emphasis on AI agents for on-chain trading and DeFi. The winning projects will be announced on January 10, 2025. The success of these AI agents highlights their growing importance in crypto and DeFi innovation.

Between December 23-27, 2024, the Bitcoin Spot ETF experienced a net outflow of $377.6M, with $58.9M from GBTC and $318.7M from Non-GBTC funds. The current cumulative totals are -$21.352B for GBTC, $57.008B for Non-GBTC, and a net of $35.656B.

 is a tokenized real-world asset (RWA) project that raised $13.75M in funding. It is offering a free airdrop through its Telegram bot, where users can earn GM Points daily by completing simple tasks like tapping, following on social media, and more. Users need to connect their Ton wallet to participate.

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Solana AI Hackathon Sparks Innovation in Crypto with 400+ Projects and Million-Dollar Tokens

BIO protocol aims to create a robust on-chain economy of BioDAOs — decentralized communities that fund and develop scientific innovations.

Traditional approaches to scientific research and biotechnology funding are often plagued by inefficiencies, centralization and lack of transparency. Enter 

, a groundbreaking initiative designed to revolutionize the way science is conducted, funded and owned. Operating as a curation and liquidity protocol within the 

(DeSci) sector, BIO empowers global communities of patients, scientists and biotech professionals to collectively fund and own tokenized biotech projects and intellectual property (IP).

BIO builds upon the successes of initiatives such as 

, a platform for tokenizing early-stage biomedicine, and 

, the largest decentralized community dedicated to longevity science. By introducing a new financial layer for science, the BIO protocol aims to create a robust on-chain economy of BioDAOs — decentralized communities that fund and develop scientific innovations. Through decentralized funding, incentives and liquidity, BIO bridges the gap between capital on the one hand and groundbreaking scientific research on the other.

This article delves into the DeSci sector, introduces BIO, explores its founding team and explains the role of BioDAOs in transforming the biotech space. We’ll also examine how BIO works, the utility and tokenomics of the BIO token and the protocol’s ambitious road map for the future.

DeSci represents a transformative approach to scientific research, leveraging the power of 

 to create a more transparent, community-driven and incentivized ecosystem for innovation and collaboration. By integrating decentralized mechanisms like tokens, 

 (DAOs), DeSci seeks to democratize scientific discovery, making it more accessible and efficient.

One of DeSci's core missions is to tackle the "valley of death" — the critical gap between early-stage research and its successful application in real-world innovations. Traditional science often struggles with inefficient funding, opaque peer-review processes, limited data sharing and restrictive publishing norms. DeSci addresses these challenges by promoting open collaboration, equitable funding models and transparent knowledge dissemination.

On decentralized platforms, researchers can publish their work directly, bypassing traditional gatekeepers and enabling broader access to scientific knowledge. Incentive structures, such as token rewards and reputation systems, encourage reproducibility and collaboration, ensuring more reliable and impactful scientific outcomes. Additionally, DeSci leverages blockchain’s immutability to maintain the integrity of scientific records, fostering trust in research outputs.

The future of DeSci holds immense potential, and it's still in its infancy. By aligning economic incentives with scientific progress, DeSci could reshape the way research is conducted, creating systems that prioritize innovation over profit. While challenges remain, particularly in gaining acceptance from traditional academia and industry giants, DeSci offers a compelling vision for decentralized, equitable and transparent scientific progress.

 is a groundbreaking financial framework designed to improve the way DeSci operates. By providing a seamless flow of capital and talent into on-chain scientific ecosystems, it serves as the foundation for building, funding and commercializing scientific innovation through BioDAOs.

At its core, BIO catalyzes the development of an on-chain economy for scientific research. It creates efficient markets for intellectual property generated by BioDAOs while ensuring perpetual funding and liquidity for their operations. The protocol also standardizes all frameworks, tokenomics and data systems, making it easier for scientific communities to scale their initiatives.

BIO is led by a team of innovators. Its founder and CEO, 

, brings expertise from co-founding Molecule, a platform pioneering the tokenization of biomedical research. His vision centers on transforming traditional funding models to accelerate scientific breakthroughs.

, co-founder and CPO, drives the “product,” leveraging his extensive biotech experience. The team also includes 

 heading the R&D team, and Jose Pinto overseeing legal and compliance strategies. Leonard Boltz, a core contributor, plays a pivotal role in product design.

The rest of the team can be found on the 

 for both community and shareholders to vote on proposals intended to improve the protocol. Together, they’re building an ecosystem with the goal of empowering the entire scientific community in a decentralized way, fostering perpetual funding for scientific research and creating efficient markets for intellectual property. 

BioDAOs, or biological decentralized autonomous organizations, are 

 focused on scientific and medical research. They unite diverse stakeholders — patients, scientists and biotech innovators — around a shared mission to accelerate R&D and create new IP. By pooling resources such as capital, data and expertise, BioDAOs streamline innovation, reduce costs and shorten the time to commercialization.

Operating with on-chain frameworks such as Molecule, BioDAOs raise funds through token sales, and manage treasuries to back biotech projects. The generated IP is shared among members, ensuring collective ownership and incentives. Revenue from IP and/or product sales is reinvested into new R&D, creating a perpetual cycle of innovation.

By combining open access, shared IP ownership and capital efficiency, BioDAOs are reshaping the funding and development of science, making groundbreaking research more accessible and impactful.

The BIO protocol uses a decentralized network, combining community-driven curation, funding and liquidity with incentives and governance mechanisms. 

 supports selected BioDAOs with funding, token liquidity and community-driven accelerator services. Staking BIO tokens on BioDAO applicants offers rewards, as well as early access to funding rounds and IP asset investments, fostering a thriving ecosystem of innovative science. 

The BIO token powers the governance and growth of the BIO protocol’s ecosystem, enabling holders to actively shape the protocol’s trajectory.

The BIO treasury grows through the following mechanisms:

: Uncapped, subject to governance votes for future minting.

: BIO inflation supports secondary market liquidity, and scales in accordance with network growth. Inflation specifics are determined via governance. This balanced structure aligns incentives across contributors, investors and the larger community, ensuring long-term growth.

BIO has allocated 3% of its total token supply to over 8,500 eligible addresses. The airdrop snapshot for eligibility was taken on Apr 1, 2024.

: Included participants in BioDAO auctions, holders of iBoDAO tokens, liquidity providers, Gitcoin donors and active contributors to BioDAO communities.

: Eligible users claim vested BIO (vBIO), redeemable for $BIO. Tokens remain non-transferable until governance votes to unlock them.

: Total airdrop amounted to 99.4 million BIO, fully vested upon claim.

Additionally, 1% of the total supply was airdropped to early contributors of the BIO ecosystem, with a 1-year cliff and a 6-year vesting schedule.

BIO is bridging the gap between capital, innovation and community ownership. By empowering the DeSci sector, the BIO protocol creates efficient markets for scientific IP and fosters perpetual funding for BioDAOs. BIO is well-positioned to reshape the future of biotech research.

The BIO protocol's road map showcases its ambitious vision for revolutionizing DeSci:

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BIO Protocol: Revolutionizing Decentralized Science

Fluid is a decentralized financial protocol that focuses on lending and liquidity. Learn more about how this works in this article.

 provides all sorts of exciting opportunities for users. By getting rid of middlemen and institutional policies, DeFi creates a more accessible, flexible space for people to explore the world of finance. Fluid is a new DeFi protocol that hopes to provide these perks and more to its customers. Can Fluid's user friendly interface and highly capital efficient crypto trading system distinguish it from all the other startups in the 

 space? Keep reading for a deep dive into Fluid's design and its FLUID cryptocurrency’s potential. 

 is a decentralized financial protocol that focuses on lending and liquidity. This system also includes a 

 mechanisms and other exciting features. Fluid prides itself on being one of the most flexible, secure and advanced DeFi lending protocols around.

 in 2019. Originally studying to be accountants, the brothers dropped out of college, winning the ETHIndia hackathon. They specialize in creating "middleware" that connects users with the exciting features of 

, the Jain brothers were able to expand their ecosystem until it became the fourth-largest DeFi system by 

. A somewhat new addition to the Instadapp ecosystem, Fluid was released in late 2023. It was inspired by the Jains’ experience building on other systems, such as 

, and is meant to be their own custom version of these DeFi protocols.

Fluid hopes to combine the best of multiple DeFi protocols into a single system. It ambitiously aspires to become the most advanced, secure, flexible and capital efficient option in the 

 space. When designing the system, Fluid's creators focused on optimizing 

 (AMM) liquidity, reducing gas trading fees and providing accurate risk assessment. They hope that combining so many excellent features into one system will help them maintain their competitive edge in the DeFi space. 

While Fluid does provide a lot of cutting-edge features, it also aims to maintain the accessibility for which the Instadapp ecosystem is known. Fluid’s system aims to provide a user-friendly interface that traders can grasp in a few clicks. Like Instadapp's other products, Fluid prioritizes user satisfaction and intends to offer services that multiple DeFi traders have asked for.

The Fluid protocol runs on a complex blend of 

 and software. It uses traditional coding methods to handle many of its user interfaces, while tools from 

 and other blockchains help to manage the back-end functions. Key mechanics that Fluid uses to keep its system working smoothly include the following.

Fluid contains a broad range of different services for users to try. Following are the main features available through the Fluid website and app. 

 found in other DeFi systems. They consist of pairs of tokens, such as ETH and USDT. Each vault offers both a supply rate and a borrow rate, so users can join a vault to either lend or borrow money. Each vault uses enhanced capital efficiency and innovative liquidation mechanisms to streamline token transfer without impacting market prices. 

With Fluid, users can temporarily lend their tokens to others. The system supports a variety of tokens, and allows yields of up to 1.5 times your initial investment. Fluid's lending system is set up to ensure that lenders continue to earn staking rewards, delegation power and voting power associated with their tokens, even while they're locked in a lending contract. Traders start by connecting their wallets, and can begin lending almost instantly.

Fluid's borrowing protocol requires users to place a small amount of tokens as smart collateral in exchange for temporarily borrowing funds. Its fairly high collateral ratio lets people borrow up to 95% against their initial collateral. Additionally, it boasts low liquidation penalties of just 0.1%, so users don't have to worry about losing all of their smart collateral the moment that market trends shift.

Since its deployment in late 2023, Fluid has grown to become the third-largest DEX on Ethereum by volume. So far, advancement for Fluid has focused on expanding its pools to provide more lending and crypto trading options for users, and upgrading its vaults to support more assets. However, Fluid has big plans for the future. 

Like other protocols on Instadapp, Fluid is an entirely community-run project. 

 show that most members of Instadapp's governing body are thinking about long-term growth for Fluid. Users hope to rebrand Fluid as a standalone project, with its own definitive token. They also hope to add further protocols to support market orders, such as 

, interest rate swaps and forex trading. 

FLUID is the native token of the entire Instadapp system. Initially called INST, this token was 

 in order to highlight its pivotal role in running the Fluid DeFi protocol. As a utility and 

, FLUID is responsible for everything from managing governance body votes to paying fees. Just as with INST, FLUID has a total token supply of 100 million. However, the rebranding of INST did involve slightly adjusting its distribution schedule. The new distribution for the FLUID token will be as follows:

Since its release in 2021, prices for the FLUID token have primarily ranged from $0.05–$2. However, the announcement of the token rebrand propelled its value to $9 in early December 2024, and people expect its price will continue to rise as news about Fluid’s DEX is released.CoinCodex 

 that FLUID’s price will more than double to reach $22 within a month. However, once the initial excitement begins to fade, its price may drop slightly. CoinCodex suggests that the FLUID token’s price will return to a more stable price of around $13 by the summer of 2025. 

Looking to trade the FLUID token? Bybit now offers the FLUID/USDT Spot trading pair. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

To celebrate this listing, Bybit is holding 

 where you can earn a share of the 70,000 FLUID prize pool.

FLUID is certainly an intriguing option that combines the reliability of a long-term token with the excitement of a new launch. While its price might not stay high forever, it’s unlikely to drop drastically any time soon. This means there’s a strong potential for making money from FLUID. 

For most investors, the challenge of working with FLUID will be to time their purchases. Though you may lose money if you purchase at the peak of the Fluid DEX hype, buying at any other time could result in either short- or long-term profit. If you want to avoid the dangers of market volatility, you need to 

 and remember to keep your portfolio diverse. 

Fluid’s DeFi protocol provides valuable services to investors looking for an easy way to borrow, lend and/or trade crypto. While Fluid's parent company, Instadapp, has been around for a while, the Fluid project is just getting started. In the few months since its launch, Fluid has rapidly increased its services and attracted users from around the Web. As its system continues to evolve, users can expect more exciting news ahead.

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Fluid (FLUID): Utilizing Debt and Collateral as Liquidity

Bybit Learn

Trading

Copy Trading

Learn all about Master Traders in crypto copy trading and how to choose the best Master Trader to maximise your profits even as a novice trader.

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 is one of the best ways for traders to emulate the success of established traders and earn profits on par with these market gurus. A well-established strategy in traditional finance, copy trading has also proved itself to be a popular tool in the crypto market. In copy trading, there is perhaps no element more important than choosing the right Master Trader. This choice will make or break your crypto copy trading. Read on to learn all about copy trading and Master Traders to get the most out of your trading.

Copy trading is a popular trading strategy whereby a novice trader or follower replicates orders placed by an established trader with a track record of positive returns, known as a Master Trader. You can choose to manually copy a Master Trader’s strategy, or simply use automated software to copy their orders. For example, 

 for easy and flexible automated crypto copy trading where you can freely communicate with top-tier Master Traders.

Copy trading is often compared to — or even confused with — mirror trading, which is largely a similar strategy in which you precisely follow the market moves of an established trader in an automated fashion. The key difference between copy trading and mirror trading is that the former leaves you room for applying your own customization and judgment when replicating the market moves of your chosen trader. 

Meanwhile, mirror trading mandates following the trader’s moves exactly, even when you disagree with a particular order or strategy.

With copy trading, beginners can become profitable even without deep knowledge of the market and trading methodologies. It’s also a great time saver, as nearly all of it is automated, and relies on the established trader’s moves. Copy trading, similar to other automated trading strategies, also removes the element of emotion from your decisions and performance.

An experienced trader who would like to share their knowledge and trading strategy with others can become a Master Trader. In doing so, they also earn additional profits from their dedicated followers, since no one acts as a copy trading master without being reimbursed for it.

Currently, Bybit supports crypto copy trading only for the Derivatives markets. Traders whose strategies are followed earn 10% fees on profits generated by their followers.

A Master Trader is a trader whose strategies and moves are being copied by others, known as followers. Master Traders have a track record of great performance and positive returns. You wouldn’t want to copy their trades otherwise, would you? They don’t necessarily need to be the biggest names in the market, or have millions of traders following them on social media. Massive fame and celebrity-like status are, thankfully, not a requirement. Great Master Traders often maintain low profiles but deliver results in terms of profitability and 

The primary profit source for Master Traders in copy trading comes from the fees charged on their followers’ returns. Because copy trading is automated, attributing the profits earned by a follower to a specific Master Trader is easy. As noted above, 

In addition to this main profit source, Master Traders also benefit from their activity indirectly by creating a follower base, a great reputational benefit for any trader.

Choosing a good Master Trader (MT) is undoubtedly going to be the key element in your copy trading strategy, particularly if you’re a novice trader. 

You can copy up to ten Master Traders at the same time. However, the settings for each MT are different and independent. It's worth noting that the performance of both USDT Perpetual Trades and Trading Bots created via Copy Trading will be considered when ranking MTs. 

To begin, familiarize yourself with the six categories on the 

 page, tailored to different risk appetites: 

Grasping these distinctions can help you align your risk appetite with the trading approaches of the top MTs, resulting in a smoother copy trading journey and higher chances of success.

 category appeals to those seeking significant short-term returns. Master Traders in this group have achieved the highest ROI in the past seven and 90 days, indicating that they may possess excellent trading skills or have made some high-risk, high-reward trades. However, it's essential to recognize that high short-term ROI doesn't necessarily guarantee long-term sustained profitability.

If you're looking at long-term consistent profitability, the section entitled 

Traders With the Highest Profit for Followers 

showcases Master Traders who have earned the highest profits (in USDT) for their followers and maintained a positive ROI over the past 90 days. Consistent profitability indicates that these MTs could produce reliable profits. 

Nevertheless, past performance doesn't guarantee future results, and you should still exercise caution by assessing each Master Trader's abilities and the risks involved.

 section caters to those interested in day trading. MTs in this group are intraday traders who have achieved an ROI of over 20% and a win rate of more than 50% over the past seven days. Their high returns within a short period — coupled with a higher success rate — suggest that they possess good market insights and quick decision-making abilities suited for intraday trading. Note that the fast-paced nature of day trading comes with inherent volatility, which results in substantial losses if trades don’t move in the anticipated direction.

category is ideal. It consists of Master Traders who have achieved an ROI of over 10% and a maximum 

 of 20% in the past 30 days. These MTs typically demonstrate better risk management strategies and capital management abilities, making them more attractive to conservative traders who prioritize preserving their capital. Nevertheless, it’s still crucial to be aware that, while risks may be mitigated, they aren't fully eliminated, so you may still incur losses.

 category caters to people seeking consistency and balance in risk and return. MTs in this category have actively traded for more than 30 days and achieved a positive 30-day ROI. To verify their consistency, the MT should not have an inactive badge (which is placed on a trader who hasn't opened a position in the Past seven days or traded in the past 14 days). Note that following MTs who demonstrate consistent risk and reward isn’t a foolproof plan as they still face potential losses.

 category are new Master Traders (who might be experienced, but are new on the 

 page). These traders have traded for less than 30 days and achieved a positive 7-day ROI. Calculated risk-takers who are constantly on the hunt for new opportunities will find this category exciting. Naturally, new MTs lack a proven track record, so you’ll need to evaluate each one carefully before choosing an MT from this category.

Tips on Choosing the Best Master Trader for You

While Bybit already helps you filter top traders according to your risk appetite, it’s also important to understand the metrics used to rank the performance of Master Traders in order to make an informed decision when choosing a Master Trader.

It’s not recommended that you simply follow popular MTs with a higher follower count (and even higher cumulative profits) without considering other metrics. This is because an MT's popularity doesn't indicate reliability or guarantee future success. Instead, it’s advisable to balance the popularity indicator with actual performance metrics, as outlined below. 

Total Profit = Current Account Equity − Previous Account Equity − Total Deposits + Total Withdrawals

 (UTA), ROI is calculated in a similar way, but the Total Profit is determined using a more complex formula: 

Total Profit = Realized PnL + Funding Fee Income − Trading Fee + Current Unrealized PnL − Previous Unrealized PnL

While these metrics may offer comprehensive details of an MT's performance, the following criteria are more universally understood and effective for evaluating performance at a glance.

Typically presented as a percentage, ROI indicates an MT's return on an investment. Various factors are considered when calculating the ROI, including the total profit and account equity (wallet balance + unrealized PnL). Unrealized PnL includes positions held in USDT Perpetual trades and Trading Bots. To gauge if a trader has consistent profitability, review their ROI for the past 7, 30 and 90 days.

Win rates reveal an MT's ability to close trades profitably. However, it’s critical to balance win rates with ROI to ensure that an MT’s emphasis on small, frequent wins doesn’t impact their overall profits.

This term refers to the consistency and predictability of a Master Trader's drawdowns over time. In the context of copy trading, it indicates the trader's ability to manage risks in order to prevent erratic or excessively large equity declines. As a follower, especially if you’re risk averse, a lower and stable maximum drawdown (the largest percentage drop from a peak) reflects careful risk management. 

A Master Trader's trading consistency and activity are also crucial factors when making a decision on whose trades to copy. Thus, it’s important to focus on an MT's performance over the past 7, 30 and 90 days. Since the crypto market is highly volatile, it’s essential to establish if the MT has consistently sustained profits across changing market conditions. 

Key factors to consider include the following.

: Metrics like average weekly trades or holding times can determine the aggressiveness or conservativeness of a trader's approach.

: Consider ROI volatility metrics to assess how stable or risky the MT’s returns are.

Becoming a Master Trader on Bybit is a form of investing. You not only get to promote your investing strategy, but you can share in the profits earned by your followers for copying your trading strategy. 

To become a Master Trader on Bybit, you'll need a 

 (either the standard Subaccount, or the Unified Trading Subaccount). 

 that the Unified Trading Subaccount only allows Master Traders to conduct USDT Perpetual trading, while you can trade a variety of other products with a standard Subaccount (which your followers won’t copy).

Once you’ve successfully applied, you'll need to complete new Master Trader missions in the mission center. Completing these missions allows you to be featured on the 

Once you've completed the compulsory missions, you'll enter into Bybit's Master Trader Level System, which is categorized into four tiers: 

. As you gain more followers, you'll be upgraded to the next tier. The higher your level, the greater the perks you unlock. 

There's also a Master Trader Level evaluation, which is done once you complete the required tasks and pass a review by Bybit. You'll be rated based on your account balance, 30-day cumulative profit and maximum drawdown in the past seven days. 

Copy trading is a great way for novice crypto traders to become profitable from Day One of their trading activities by following an established Master Trader. More experienced followers can also improve their returns and save time by adopting copy trading. For Master Traders, copy trading represents a great avenue for additional profits. Thus, no matter your trading experience or success rate, you can reap significant benefits from copy trading.

How to Choose a Master Trader to Magnify Profits (Complete Guide)

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards