If you’re actively trading right now you need to READ THIS. The chart is telling a story most people are ignoring.

The Nasdaq–BTC chart looks like shit. You can literally see the post-crash PTSD.

The funny thing is, Nasdaq’s still doing fine- up 3.5% month-on-month. It’s pretty clear at this point that Wall Street runs the BTC pulse. If equities correct, BTC bleeds hard, and alts will scream in pain.

Sure, it’s impossible to know what happens next with the Nasdaq, but even if BTC and alts feel like they’re at a dip right now, the max pain hits if the Nasdaq drops 2–4%.

So I’d say stay just a bit cautious right now. There are times to go aggressive and risk-on and there are times to play defense.

Capital preservation is just as important as making money. The beauty of the game lies in finding the perfect balance between those two modes. We’re all playing with internet game money and the players who truly understand risk management are the ones who’ll survive and thrive in this game.

I’m still playing in the trenches because there have been some good runners, but I’m not in all-in mode right now TBH. So whenever I share something, act accordingly please. At the end of the day, my job is to share the thesis and your job as a trader is to act on it- while making sure you manage your risk well.

PS: This is not a bear post, just sharing how I have been thinking lately.

Adapt or die. GL Degens
https://x.com/Prateek0x_/status/1988721159903539276

Let me know your thoughts in the comments. Also, pls mention if there are any good/mis-priced tokens to buy.

Nasdaq is down 3.4% since the previous post and BTC has fallen more than 6% in response.
Nasdaq is down another 1.5% today in the premarket, so the weekly close will be important to watch.

BTC continues to react more sharply to Nasdaq’s downside than to its upside-highlighting a clear sensitivity to equity weakness.

As I stated in the last post, there are times to go aggressive and risk-on and there are times to play defense. It’s better to wait for a trend reversal in broader equities rather than trying to catch falling knives.

Time to stay sharp, GL Degens
https://x.com/Prateek0x_/status/1989308426028298700

$GHOST is up almost 150% from the bottom. Curling up nicely.

They recently partnered up with Houdini Swap- one of the top privacy protocols on Solana
https://x.com/houdiniswap/status/1989087483485909399

$EDEL up 2x on size. Aave for tokenized equities just getting started.

Shared it on Twitter with details around $15M Mcap, $30M now and no one's even talking about it yet.
https://x.com/Prateek0x_/status/1990928656852549862

Edel Finance has partnered and integrated with multiple billion-dollar projects, including: Ondo, xStocks, Chainlink, CowSwap, Contango, etc.

https://dexscreener.com/base/0x566bee7ef7b39f29d150ab3be6b6242c17cc5a31

CA: 0xFb31f85A8367210B2e4Ed2360D2dA9Dc2D2Ccc95

Keeta whales loading up on $EDEL

What do they know?
https://x.com/lookonchain/status/1990957862785372310

$EDE up 3x for us now. LFG. It's doing so well while the market is choppy. I think once the market recovers, there's a good chance it can become the main PvE runner.

They are onboarding some top advisors
https://x.com/edeldotfinance/status/1991440175562732010?s=20

Here's the link to their spaces with Base ireland from yesterday. A lot of alpha there
https://x.com/spudnik_base/status/1991069360652194202

https://x.com/Prateek0x_/status/1991469431755547019

Who's in London? DM

Been warning you guys about this. Nasdaq is down 4% since my post and BTC has puked another 11%

Hard to tell where the bottom is, but I’ve been buying some BTC on spot here. I’ll DCA if it goes lower.

Stay safe out there, GL Degens
https://x.com/Prateek0x_/status/1991571863550718296

$EDEL bouncing back from yesterday's dips. The market’s been choppy and there’s been some baseless FUD but honestly it only makes me more bullish on Edel. The team has been handling everything professionally.

If you’re holding Edel, I’d strongly recommend watching this video. Edel is being built by some serious TradFi guys with deep institutional backgrounds who are here for the long run.
https://x.com/edeldotfinance/status/1992615089103687963

At the end of the day, it’s my job to give you the thesis- but it’s your job to build your own conviction. GL degens.
https://x.com/prateek0x_/status/1992632007713542447

Been buying the dips on $CODEC

The team keeps shipping regardless of market conditions. I think it’s very well positioned for robotics season.

QUIC is a modern transport-layer protocol (originally developed by Google, now standardized by the IETF) that runs over UDP. It gives CodecFlow a strong foundation for real-time control and robust, reliable connectivity across different environments.

https://x.com/codecopenflow/status/1994222209368510823

https://dexscreener.com/solana/hh4d2z7skbtos2dawzs1xcwsrwybk14knueu1khmzcev

Tokenized stocks might end up being as big as the entire crypto market- maybe even bigger because the underlying equities market is more than 20x larger. U.S. equities: $70 trillion, Crypto: $3 trillion.

Kraken just acquired BackedFi
Trade XYZ is already doing over $600M in daily volume with more than $150M in open interest.

People still don’t realize how big of an impact Edel finance can have. $EDEL is building the OS where investors can earn rent on stocks across all these rails.
https://x.com/Prateek0x_/status/1996199936543625326

Market has been very choppy. Haven't been trading much- just been buying some spot BTC on dips.

Found a very interesting play on Hyperliquid that seems very underpriced.

Will be posting about it on Twitter soon. Notifications on
https://x.com/prateek0x_

The biggest project in the Hyperliquid ecosystem is sitting below $16M market cap, yet almost no one is paying attention to it.

Its fee machine is already humming: $30M annualized, over $13M in fees collected and millions in protocol revenue- which makes the current market cap look almost absurdly disconnected from fundamentals.

It moves like a high-delta shadow derivative of $HYPE itself. Almost 11% of circulating HYPE is staked through this single protocol, commanding 83% market share.

It boasted a TVL of over $2.3B and is still holding around $1B while the market pretends nothing is happening.

They recently launched a fully on-chain, 24/7 global trading layer on Hyperliquid- introducing the first exchange LST with a fixed supply and 10% of all platform revenue flowing to holders forever. The goal: a user-owned, on-chain market for every asset class, launching early January.

All markets. All hours. All on-chain.

Caps for their newest products were filled within an hour. They’re quietly building the infrastructure rails for the entire HYPE future:

– Builder Codes
– Liquid Staking as a Service
– HYPE DATs are expected to use this protocol by default
– A proven institutional track record
– Five audits

Most still don’t understand that it’s becoming the economic engine for the next phase of HYPE- the quiet kingmaker everything else will eventually rely on.

From both a growth and valuation perspective, the market is completely mispricing this- likely paralyzed by the current macro noise.

https://x.com/prateek0x_/status/1999455128642867296

$KNTQ can be bought on Hyperliquid
https://app.hyperliquid.xyz/trade/KNTQ/USDH

Or you can buy it on the Nest exchange on the Hyperliquid chain.
https://dexscreener.com/hyperevm/0x51323f313e36a93fac2e1e929e48b961ffce5510

https://app.usenest.xyz/trade/swap

Still holding $EDEL & has been buying some on dips.

WLFI recently posted about its USD1 integration with them:
https://x.com/worldlibertyfi/status/2001813447407735108

Their testnet is getting some good traction:
https://x.com/edeldotfinance/status/2000701011682267506

I think 2026 will be the year we see billions of dollars flowing into tokenized equities, with companies like Coinbase entering the game and Kraken acquiring Backed Fi. As the only lending protocol in that space, Edel can play a crucial role.

Also, I have been working on my crypto thesis for 2026 and will be posting it in a few days.

Happy holidays everyone!🎉

Happy New Year everyone! Super excited for what’s coming ahead. 🎉

I feel like we’ll see a generational rally at some point this year and those who stay focused and locked in are going to make the most of it. I’ll be posting my 2026 thesis in a few days once I’m back home.

Wishing you all a very healthy and prosperous New Year ahead. LFG!!

$EDEL looks strong. Up 2x from dips. Team has been shipping hard
https://x.com/andres_solt/status/2005371317336658296

Market looks quite optimistic. Some of the big memes like Pepe, Bonk, Useless, etc are up 50% this week, that's a good sign.

Time to lock in?

$EDEL up almost 3x from the bottom. Good dips are always for buying. LFG!

gEdel

$KNTQ is up 30% from here with size and over 2× from the dips.

It still looks significantly undervalued, especially as the largest project in the Hyperliquid ecosystem. I think once $HYPE crosses $30, $KNTQ can easily do a 2–3× from here. $20M market cap feels clearly mispriced- repricing looks imminent.
https://x.com/Prateek0x_/status/2008179622857638102

Longed some $MET here. It seems quite undervalued given its revenue and fees figures compared with JUP and other DEXs.

Also, Meteora’s market-cap to annualized-fees and market-cap to annualized-revenue ratios are the lowest among major protocols. With ~$117M in annualized revenue and a $140M market cap.

They have also deployed more than $12M in buybacks to date.

https://x.com/Prateek0x_/status/2008537574563082650