Bitcoin News Today: Starknet's STRK Soars as Bitcoin Staking Fuels Liquidity Gold Rush

STRK has emerged as the leading market performer, surging over 20% in the past 24 hours as Bitcoin staking on Starknet's mainnet catalyzes on-chain activity. The token's rally follows the network's launch of Bitcoin staking on September 30, which has driven renewed demand for STRK and liquidity across the platform. The integration, facilitated by a partnership with LayerZero, enables users to stake wrapped BTC variants such as WBTC, LBTC, tBTC, and SolvBTC, with STRK tokens holding a 75% majority weight in network consensus while BTC contributes 25% . This development has triggered a 37% increase in Starknet's decentralized finance (DeFi) total value locked (TVL), which now stands at $221.04 million since the staking launch. Simultaneously, stablecoin liquidity on the network has risen by 11% to an all-time high of $118 million, reflecting sustained inflows of capital .

The surge in on-chain engagement is further underscored by technical indicators. STRK's price has traded above its Super Trend indicator, signaling dominant buying pressure. At press time, the token hovered near $0.1800, with the Super Trend forming dynamic resistance at $0.1408. Analysts suggest that if bulls maintain control, STRK could target $0.1987 and potentially $0.23. However, profit-taking could push the price downward to $0.1012 . Derivatives data corroborates this bullish sentiment, with STRK Futures Open Interest (OI) reaching a record $164.43 million, up from $117.63 million in a single day, indicating heightened risk-on activity among traders .

Starknet's technical outlook remains robust, with the token trading above its 200-day exponential moving average (EMA) at $0.1788. A decisive close above the $0.1976 resistance level-previously tested on May 13 and February 24-could propel STRK toward the 1.272 Fibonacci extension at $0.2266, with a secondary target at $0.2620 . The Relative Strength Index (RSI) on the daily chart currently reads 72, entering overbought territory, which heightens the risk of a potential reversal near the $0.1976 level. Meanwhile, the Moving Average Convergence Divergence (MACD) shows intensifying bullish momentum, with successive green histogram bars reinforcing the uptrend .

The network's growth is also reflected in its expanding user base and liquidity. Dune data reveals that staked wrapped BTC tokens have reached $106.34 million in value, while decentralized exchange (DEX) volume on Starknet has held above $30 million for two consecutive days. Stablecoin market capitalization on the platform has hit $120.45 million, marking a new high and signaling increased trading activity and trust in the network . These metrics highlight Starknet's evolving role in the Bitcoin staking ecosystem, as it positions itself as a key player in the BTCFi (Bitcoin Finance) movement.

Analysts attribute STRK's performance to the broader structural shift in institutional and retail adoption of Bitcoin-based products. The launch of Bitcoin staking on Starknet aligns with a growing trend of layer-2 networks leveraging Bitcoin's liquidity to expand utility and yield opportunities. While the token's short-term volatility remains a concern, the sustained inflows into TVL and derivatives markets suggest that investor confidence in the network's long-term potential is intact. As the BTCFi season gains momentum, Starknet's ability to maintain its current growth trajectory will depend on continued innovation and user adoption in the Bitcoin staking space .

Source: [1] STRK Leads Market Gains as Bitcoin Staking Sparks On-Chain Boom on Starknet (https://finance.yahoo.com/news/strk-leads-market-gains-bitcoin-083000785.html) [2] Starknet Price Forecast: STRK Rallies as Bitcoin Staked Open Interest Hits Record High (https://www.fxstreet.com/cryptocurrencies/news/starknet-price-forecast-strk-rallies-as-bitcoin-staked-open-interest-hits-record-high-202510070546)