Canaan Launches Canadian Greenhouse Heat Recovery Project
- Flow Changes: Despite attracting over $1.16 billion in inflows at the start of 2026, Bitcoin ETFs experienced $243 million in net outflows on Tuesday, primarily driven by Fidelity and Grayscale products, indicating short-term market sentiment fluctuations.
- BlackRock's Strong Performance: Amidst the outflows, BlackRock's IBIT attracted $228.66 million in net inflows, standing out as the only Bitcoin ETF to post positive flows that day, reflecting ongoing institutional confidence in the product.
- Canaan's Project Launch: Canaan has initiated a 3-megawatt heat recovery pilot project in Canada aimed at repurposing waste heat from Bitcoin mining to support greenhouse agriculture, which is expected to lower energy requirements and reduce reliance on fossil fuels.
- Sustainability Strategy: Canaan aims to establish a replicable model through this project that integrates computing infrastructure with energy-intensive industries, further enhancing its market competitiveness in renewable energy and cost efficiency.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36140.792 | 48070.396 | 60410.812 | 72340.416 | 84680.832 | 96610.436 | 108950.852 |
| Fibonacci | 48070.396 | 57341.544 | 63069.268 | 72340.416 | 81611.564 | 87339.288 | 96610.436 |
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