Staked Bitcoin Market Value Surges with Growing Demand for Wrapped BTC Tokens

BTC

BTC/USDT

$71,354.77

+3.55%

$71,354.77

+3.55%

(24s)

24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short

65.5%

Long: 65.5%Short: 34.5%

Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$71,351.87

▲ 2.98%

Volume (24h): -

Resistance Levels

Resistance 3$79,008.03

Resistance 2$75,548.63

Resistance 1$72,179.52

Price$71,351.87

Support 1$70,589.27

Support 2$67,300.00

Support 3$62,909.86

Pivot (PP):$70,598.27

Trend:Downtrend

RSI (14):35.3

According to data released by IntoTheBlock and reported by COINOTAG on September 15, the initial phase of staking Bitcoin has recently begun. As of now, the market value of staked Bitcoin remains less than 1% when compared to the market value of wrapped Bitcoin (WBTC) tokens. Looking ahead, expectations are set for an increase in the lending of additional wrapped tokens such as WBTC and cbBTC, aimed at exchanging them for Bitcoin staking tokens within the forthcoming weeks.

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