STX traded around $0.4182 on October 13 after touching $0.4502, with the $0.45–$0.46 range continuing to obstruct its recovery.
Stacks Labs also announced that the second Bitcoin staking round, Bond 2, had filled up, with more than 500 BTC and over 6.7 million STX locked together. Participation reflects activity in the program, but is not enough to determine the cause of STX’s price increase.
KEY CONTENT
STX is up 1.83% from the previous day’s close, but is about 7.1% below its session high.
Bond 2 was filled mainly through Stacking DAO; the participation method determines how the Bitcoin is held in custody.
Bond 3 is expected to open around November 10; direct participants need at least 50 BTC and must be approved.
STX retreats from session high, with $0.40 as a support level to watch
STX is still up from the previous day’s closing price, but has retreated from its session high. The $0.45–$0.46 range is near-term resistance, while $0.40 is a support level in the short-term assessment.
Metric or price range Value Significance STX price on October 13 Around $0.4182 Trading level at the time of reporting Session high $0.4502 Price fell back after reaching this level Change from previous day’s close +1.83% Trading session was still underway Distance from session high About 7.1% lower Reflects the pullback at the time of reporting Near-term resistance $0.45–$0.46 Price range constraining the recovery Near-term support $0.40 Holding this range could create an opportunity to retest resistance Lower price range to watch $0.37–$0.38 Could attract attention if STX loses the $0.40 level
The two most recent daily candles both rose to higher prices before quickly falling back. STX is still trading above key moving averages following its rally, but price action around $0.45–$0.46 shows that the recovery is still facing resistance.
Source: TradingView
STX’s ability to remain above $0.40 is a key point to watch in the short term. If it loses this level, the $0.37–$0.38 range could become the next price area the market focuses on. Conversely, stable trading above $0.46 would strengthen the recovery outlook.
Bond 2 fills up, but does not explain STX’s rally
Bond 2 filled up, with more than 500 BTC and over 6.7 million STX locked together. This result reflects participation in the staking program, but does not establish a causal link to STX price movements.
Stacks Labs said in an October 12 update that most of Bond 2 was filled through Stacking DAO, alongside participation from the Xverse pool. The program targets a 3% yield on Bitcoin, paid in BTC, but this yield is not guaranteed.
Bond 2 metric Reported information Status Filled Bitcoin participating More than 500 BTC STX locked alongside it More than 6.7 million STX Target yield on Bitcoin 3%, paid in BTC and not guaranteed Participation channel Primarily through Stacking DAO; the Xverse pool also participated
Participants using Stacking DAO receive stBTC, which represents their share of the position. stBTC can be used in financial applications on Stacks, such as serving as collateral to borrow USDCx, while participants continue to earn staking rewards.
Participation method Custody characteristics Direct, approved participation Bitcoin is locked but remains in the participant’s self-custody Participation through an open pool Uses sBTC, a Bitcoin-backed asset on Stacks; not fully self-custodial
Locking STX reduces the amount of tokens available for use during the lock-up period. However, STX is not permanently removed, so this mechanism should not be equated with a long-term reduction in supply.
Bond 3 is expected to open around November 10
Bond 3 is expected to launch around November 10, according to Stacks Labs. Direct participation requires holding at least 50 BTC and receiving approval; partner pools have their own requirements.
Bond 3 participation will help assess whether demand for the program is increasing or decreasing compared with the previous round. For STX, holding the $0.40 level and breaking above the $0.45–$0.46 range remain developments to watch separately.
Summary
Bond 2 recorded more than 500 BTC and over 6.7 million STX locked, but there is not enough evidence to link the staking results to the price rally. STX was still above $0.40 at the time of reporting, while the $0.45–$0.46 range continued to cap the recovery.
Source: https://tintucbitcoin.com/stacks-giu-tren-04-usd-khi-dot-staking-bitcoin-dan-kin-cho/
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