Stacks: Bitcoin Staking Bond 3 Sells Out

Stacks sold out Bond 3 of its Bitcoin staking in the bootstrap phase, drawing institutions such as Bullish and 21shares. Trader CryptoMichNL highlighted that STX has risen 190% since the market bottom and now benefits from a flywheel where each staked BTC locks STX equal to 5% of the underlying value, tightening supply.

At $0.34 the price sits inside the Bollinger band with upper resistance at $0.36 and lower support at $0.31; the neutral RSI at 52.35 combined with the MACD death cross indicates consolidation is likely before any test of the EMA50 and EMA200 confluence at $0.33.