Podcast Summary
In this episode, the hosts discuss the recent trading range breakdown and introduce a guest, Thicky, a quantitative and math specialist at Suitar Capital. The conversation covers Thicky’s trading strategies, the challenges of trading in a bear market, and the manipulation of short squeezes and funding rates. The hosts also discuss the difficulties of fundraising in the bear market and the shutdown of numerous crypto projects. The episode concludes with a discussion on the concept of fixing bonding curves, the current state of DeFi, and the role of airdrops in token distribution.
Key Takeaways
Trading Strategies and Market Dynamics
- Alpha Discovery: Thicky shares his successful trading strategies, including finding alpha in a dislocation in the XRP inverse contract and a mega candle event when BTC went down to 242.
- Trading Challenges: The hosts and Thicky discuss the inefficiencies in trading formats like inverse perpetuals and the difficulties of accessing different perpetuals on unified trading accounts.
- Bear Market Trading: Thicky notes that shorting alts has been a profitable strategy due to the oversupply of altcoins in the market, highlighting the differences between trading in a bear market versus a bull market.
Fundraising and Project Shutdowns
- Fundraising Difficulties: The hosts discuss the challenges of fundraising in a bear market, with many talented teams struggling to secure funding at decent valuations.
- Project Shutdowns: The episode mentions the numerous crypto projects that have shut down in the past year, leading to people in the industry seeking employment with other projects or hoping to be acquired with equity.
DeFi and Airdrops
- DeFi State: The hosts discuss the current state of DeFi, acknowledging that yields have dried up across the board and advising against investing too much in DeFi protocols.
- Airdrops Role: The speaker acknowledges that airdrops are a way for projects to distribute their tokens but questions their effectiveness, as most people tend to dump the tokens they receive.
Sentiment Analysis
- Bearish: The overall sentiment of the podcast is bearish, with discussions on the challenges of trading in a bear market, the difficulties of fundraising, and the shutdown of numerous crypto projects. The hosts also express concerns about the current state of DeFi and the effectiveness of airdrops.
