Despite Canaan's strongest quarterly earnings report in three years, its stock price fell 7% on Tuesday to $0.56. The earnings report showed that revenue in the fourth quarter increased 121.1% year-over-year to $196.3 million, with Bitcoin mining revenue up 98.5% year-over-year to $30.4 million. The company currently holds 1,750 BTC (worth approximately $120 million) and 3,950 ETH. Although this quarter's hash rate sales set a record (shipping 14.6 EH/s), the stock price has already fallen 18.1% this year, and it is still a considerable distance from the $1 target price it must recover to before July, or it risks being delisted from Nasdaq. (Cointelegraph)

Bitcoin Fear and Greed Index is 11 — Extreme Fear Current price: $69,168

【$OG Signal】Long | Healthy Pullback After Short Squeeze Initiation $OG After a single-day surge of 20%, it consolidates at the previous high resistance zone (around 4.85), which is a typical healthy reset after a short squeeze, not a top. 🎯Direction: Long 🎯Entry: 4.68 - 4.75 (Support area of the 4H candlestick bodies and near EMA20) 🛑Stop Loss: 4.55 (Break below the previous 4H candlestick low and ATR lower band, rigid stop loss) 🚀Target 1: 5.05 (Previous high resistance and Fibonacci 1.618 extension) 🚀Target 2: 5.35 (Based on ATR volatility measurement) Hardcore logic: This is a typical short squeeze market, not just a pump and dump. Core evidence: 1) Funding rate is only 0.005%, far from dangerous levels, and bears are still paying fees. 2) Open interest remains stable, no signs of major longs exiting. 3) The 4H RSI is as high as 84, but the price is strongly consolidating above EMA20, indicating indicator fatigue in a strong market. 4) Order book depth shows bid (buy) orders significantly outweigh ask (sell) orders, with a depth imbalance of 7.58%, indicating strong institutional buy support below. Market psychology suggests that the narrow consolidation after the surge has digested short-term profit-taking, preparing for the next upward move. Trade here 👇 $OG --- Follow me: Get more real-time analysis and insights into the crypto market! ‍#我在Gate广场过新年 #当前行情抄底还是观望？ $BTC $ETH $SOL