Key Takeaways
What recent developments have fueled STRK’s 23% price surge?
Starknet’s integration as a Bitcoin execution layer, staking support, and rising liquidity inflows have driven the rally.
What signals suggest STRK may continue its upward momentum?
Positive Funding Rates, declining sell pressure, and growing on-chain activity point to strong bullish potential.
Starknet [STRK] has witnessed several key developments over the past few days, and it’s only natural that this translates into growing demand for the asset.
The most recent update was the announcement of Starknet’s role as an execution layer for Bitcoin [BTC] and its support for staking, with 100 million STRK allocated to the initiative.
Other factors such as the massive liquidity inflow from both spot and on-chain investors have also contributed to this momentum. The effect? A 23% price surge for STRK, leading the entire cryptocurrency market, according to CoinMarketCap.
But what does this actually mean for price? AMBCrypto took a closer look at the market dynamics.
Liquidity inflow on the rise
STRK’s strong performance coincides with a massive inflow of new capital into the perpetual market.
At press time, the total value of this inflow stood at $82 million, pushing Open Interest up to $172 million, according to CoinGlass.
Contextually, such inflows do not necessarily determine whether the market is bullish or bearish—the Weighted Funding Rate provides that insight.
Source: CoinGlass
Data over the same period showed that investors are betting on the market’s upside potential, as the rate turned positive at 0.0345%.
This bullish sentiment was also reflected in the spot market, where investors have begun slowing down their sell-offs.
After peaking at $2.57 million, daily selling volume dropped sharply to $220,000 as of the 7th of October.
This combination of rising capital inflows and declining sell pressure paints a positive outlook for STRK’s price. Notably, on-chain investors are also playing a crucial role.
On-chain involvement in the rally
On-chain participation has grown significantly, mirroring the rise in market liquidity.
Daily Active Addresses (DAA) reached a new high of 51,100, as of writing, rebounding from previous declines per Artemis.
Source: Artemis
Alongside this, the number of transactions rose slightly to 3.4 million, signaling renewed market engagement.
This activity also translated into higher Total Value Locked (TVL), which jumped 4.4% to $221 million in the past day, its highest level since January, marking a reversal from the previous downtrend.
STRK’s near-term outlook
In the near term, STRK appears poised for a significant upside given the current market direction.
The liquidation map supports this view, showing large buy-side orders clustered around higher price levels, a setup that could trigger a strong upward move.
Source: CoinGlass
Prices often move toward zones with high liquidity, which act like magnets pulling them in that direction.
Given Starknet’s continued ecosystem growth, rising inflows in the perpetual market, and increasing on-chain activity, STRK appears well-positioned for a strong upward move.
Source: https://ambcrypto.com/how-starknets-82m-inflows-fueled-23-strk-price-surge/