GM Seedphrasers 👋 Today it's you vs. the numbers, and by the end of this email you'll have the data in a chokehold.

📝 The Agenda:

• 📈 Bitcoin & Ether: numbers you should know

• 👀 Coin Of the week

P.s.: Follow our Twitter, where we make these emails into convenient bite-sized tweets.

BTC & ETH

Green: the color of health and wealth. We're putting 2022 behind us and starting 2023 with a bang. We haven't seen a one-month heat map look like this in a minute.

January is for the bulls.

BTC headed to $25K?

Before we get into it, tell us what you think (there's no right or wrong answer!)

😩 FOMO

Remember $15K BTC? You're probably wishing you got in on that if you didn't, and you're not the only one.

With BTC hitting $23,7883 last week, it's sent a lot of people into a panic. People in the markets are obsessed with pinning down capitulation (the bottom price). The feeling of missing the bottom can persuade many to FOMO as levels are starting to rise.

The pump creates urgency. But did we really miss the bottom?

🧠 Here's what we know:

•  BTC bulls are hard-ass MFers. Despite a 40% pump, they are HODLING. Bitcoiners arent taking profits anytime soon. They held for a full year of down only, this is nothing.

• Tourists are mostly gone. Wallets holding BTC for less than 155 days (short-term holders) have shown a steep drop off in the last year.

• The Whales: Top traders at Binance and Huobi are uncertain of the market. We measure this by seeing market makers, there's been no change in long-to-short levels in 7 days. They are not confident about buying above $20,500, but they are unwilling to open short (bear) positions. - Read more

• RSI: Remember the relative strength index? Just last week we told you BTC was at 85, indicating it's very overbought. Since then, RSI has dropped down to 45.

• Break out level: $23,500. Right now signs point to a likely break out here, so keep your eyes peeled.

👉 The TLDR: Conditions are mostly favorable to maintain a bullish run, for now.

💡 Fun fact: A $335 million liquidation in short (bearish) BTC futures contracts occurred just from Jan 19-20th. Translation: the bets (shorts) against BTC have been wrong. Plus, "betters" (sellers) continue to use money that's not theirs (excessive leverage), setting up the perfect storm for another leg of the bull run.

ETH:

Following in its father's footsteps, ETH has been up 34% in January.

It's been 4 months since The Merge, and a new milestone has been hit this month. Over 15.9 million ETH has been staked on the Beacon Chain, a new ATH.

The gigantic amount of ETH being staked could act as a bullish catalyst for the coin.

But will ETH be able to stay bullish? Here's what we know:

• More Chain Updates: By the end of Q1, the Shanghai Update will come into effect. This update will unlock ALL staked ETH. - Read More About Shanghai Update

• Bullish Price Action: ETH is trading above ALL major daily moving averages

• RSI: Last week, we told you RSI was 75 indicating severely overbought. Now, RSI has dropped down to 45. This might suggest bears have taken over the market

• Key support level: $1,600. Since touching $1,651, ETH lost support and has declined nearly 5% since.

📝 In summary: the Shanghai Update will be an important event for ETH price. If it will go anything like The Merge, expect a dump. ETH traders seem to buy the rumors and sell the news. This time, they're likely going to be betting on dumps and shorts after the token unlocks.

🤝 Together with Ragging Bull

There are not enough hours in the day to keep up with every market. So we go to our guy Jeff.

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And the picks? They are awesome! He recently alerted option trades that went up over 320% on NFLX, 400% on CELH, and a whopping 700% on AMZN – all in just a few days!

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Our Coin of the Week

In this economy, it's not every day a coin pumps like this:

What is it?

No- it's not a shitcoin. This is $RNDR, a utility token for the Render Network, built on ETH.

The Render Network is a blockchain project that enables individuals like you to contribute unused GPU* power to help other projects render graphics. In return, users receive RNDR. AKA: You can get paid in your sleep while helping out nerds building stuff.

*GPU is just a nerdy tech term. GPU is in your computer and your iPhone. It's just the mechanism that helps process graphics on a device.

Why is it pumping?

It's simple.

Everyone in web3 believes the future will be more digital, not less. That's why you're reading this. You also know a huge part of the digital world is GRAPHICS like memes, videos, animations, etc.

The Render Network's mission is to help web3 projects render 3D graphics more efficiently. Utility and great tokenomics? Sign us up.

Read about RNDR.

Meme of the day 😂

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research