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What’s Trapping Bitcoin (BTC) Below $100K? Analysts Break It Down

Bitcoin (BTC) opened the year strong but remains locked below the $100,000 level. The current price action is caught in a narrow range, with several key levels keeping it in place. Traders are now watching for signs that the market is ready to break out. Dealer Hedging Keeps Price Contained Crypto Rover said Bitcoin is being “mechanically suppressed” by dealer hedging. In this setup, dealers are managing risk by selling into rallies and buying dips. This activity has kept the price locked between $90,000 and $95,000. At the top, $100,000 remains a major resistance. BITCOIN’S $100,000 WALL & WHY IT’S STUCK AT $93,000. Bitcoin isn’t weak; it’s mechanically suppressed. Dealer hedging: selling rallies and buying dips to stay neutral. This has pinned price in a tight $90K–$95K range, defining the $90K support and the $100K resistance wall.… pic.twitter.com/XDr3D5MUfn — Crypto Rover (@cryptorover) January 8, 2026 Rover pointed out that many options expire later in January. That could be the trigger for the next move. Until then, the hedging may keep the price range tight. Bitcoin has tested both sides of this zone but hasn’t shown a clear direction. In parallel, technical indicators suggest BTC remains range-bound. Chart analyst Ali Martinez noted that Bitcoin needs a daily close above $94,000 or below $88,000 to confirm trend direction. At press time, BTC trades near $90,300, just below the midpoint of that range. The daily chart shows a rising support line that started forming in late 2025. Buyers continue to defend higher lows, but the $94,000 level has blocked further gains. Unless the price closes outside this range, it remains in consolidation. CME Gaps May Guide Next Steps Another analyst, Ted, shared a chart showing that the first CME futures gap around $90,700 has now been filled. The next possible target is the lower gap near $88,000–$88,500, which also lines up with a key support zone. Bitcoin tried to reclaim the $92,000–$94,000 area but faced heavy selling. If the asset drops again, the $88K zone could act as a magnet. Some traders expect that gap to be filled before a fresh move to the upside. Even so, spot market demand has led Bitcoin’s latest rebound, while futures traders appear cautious. This divergence shows that not all participants are positioned the same way. As reported by CryptoPotato, Bitcoin is still in the wider declining trend starting in September 2025, and the market is yet to prove a bottoming-out period. Analysts believe there is room to short-term rally to around $97,000 -107,000, yet believe that price will still fall below $70,000 later into the cycle. The post What’s Trapping Bitcoin (BTC) Below $100K? Analysts Break It Down appeared first on CryptoPotato . Live Bitcoin News

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Canaan’s 3 MW Heat-Recycling Pilot Aims to Turn Crypto Waste Into Greenhouse Energy in Canada

Canaan Inc. launched a 3-megawatt compute heat recovery pilot this week designed to capture waste heat from its liquid-cooled computing equipment and use it to heat a commercial greenhouse, the company said Jan. 6. The initiative marks a fresh step in efforts by a major crypto hardware maker to improve energy efficiency and cut the environmental footprint of high-density computing. The pilot is taking place at a greenhouse facility in Manitoba, Canada , operated by Bitforest Investment Ltd., and will run for an initial 24-month term, executives said. Under the agreement, Canaan will install 360 Avalon A1566HA-460T liquid-cooled computing servers and four liquid-cooling container modules that together generate about 3 MW of usable heat. The system is built to integrate with the greenhouse’s existing electric boiler heating loop. Canaan said heat captured from computing servers will preheat intake water for electric boilers through a closed-loop heat exchange system. Based on current estimates, about 90 % of the electricity consumed by the servers could be captured and transferred as useful heat rather than lost to the atmosphere. Used heat will help sustain internal climate conditions for greenhouse crops, such as tomato plants, during cold months. Pilot Tests a New Energy-Reuse Model The project aims to validate whether compute waste heat can serve as a reliable supplemental heat source in agricultural settings, particularly in colder climates where heat demands are high. Canaan executives said the pilot will measure key performance indicators such as heat-recovery efficiency, system stability and maintenance intensity once fully operational. The pilot also tests a low all-in power cost of approximately US $0.035 per kilowatt-hour, which includes power consumption, routine operations, troubleshooting and maintenance. If Bitforest participates in grid demand-response programs or sells surplus power back to the grid, Canaan would share in the resulting economic benefits. Canaan said its liquid-cooling technology produces hot water above 75 °C, making recycled heat directly usable for greenhouse operations without additional heating stages. The company also noted that efficient heat reuse could remove the need for industrial cooling towers typically required for data centers with liquid-cooled equipment. Broader Sustainability Push Canaan described the Manitoba pilot as part of its broader energy efficiency and sustainability initiatives. The company has explored other heat reuse projects, including industrial applications and consumer-oriented products that make use of energy otherwise wasted in computing operations. Large greenhouse operations have traditionally relied on fossil-fueled boilers for primary heat. In regions such as Canada, policies that put a price on carbon emissions have encouraged greenhouse operators to seek lower-carbon heating options. Canaan’s approach seeks to leverage high-density computing as a dual-purpose asset — delivering computing performance while generating heat that supports agricultural production. The pilot’s success could influence how other data-intensive companies think about integrating waste-heat recovery into commercial and industrial settings. Live Bitcoin News