The Milk Road Show

How to Read the Market Like a Pro (And Profit From It)

Mar 18, 2025
Guest
Cindy Leow
Cindy Leow, co-founder of Drift Protocol, a leading DeFi exchange on Solana, shares her insights on understanding market sentiment through funding rates. She discusses how to navigate a bearish market by identifying trading opportunities and the evolving landscape of cryptocurrency behavior. The conversation dives into the sophisticated strategies traders use today and the implications of on-chain financial options. Cindy also highlights Solana's potential to transform user experiences with decentralized finance.
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INSIGHT

Shift to Fundamentals

  • Trader behavior has shifted from altcoins to major tokens like SOL, BTC, and ETH.
  • This suggests a return to fundamentals and potential fatigue with meme coins.
INSIGHT

Funding Rates and Sentiment

  • Perpetual funding rates indicate market sentiment.
  • Positive rates mean high demand, while negative rates suggest bearish sentiment.
INSIGHT

Accumulation Opportunity

  • Solana's funding rates are currently low, presenting an accumulation opportunity.
  • Despite bearish sentiment, positive on-chain indicators like growing TVL and stablecoin supply suggest long-term growth.
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