#BitcoinStaking

$BTC #DeFiGetsGraded $ETH #xrp $BNB #altcoins #ETHTreasuryStrategy

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Bitcoin is consolidating after a sharp move earlier this week, and a new trend in restaking platforms is quickly gaining traction across the market.

Market Evolution

As of August 16, Bitcoin is trading around $117,339, down from its recent all-time high of $124,457, but showing signs of stabilization. Meanwhile, restaking protocols are drawing heavy attention, with total value locked climbing to $2.8 billion. Projects like Bitlayer and EigenLayer are nearing their mainnet launches, driving fresh interest in this emerging space. On the technical side, momentum indicators are leaning bullish, with the MACD trending positive and RSI approaching overbought territory.

Institutional Drivers

Institutional interest is adding fuel to the trend. Norway’s central bank boosted its Bitcoin holdings by 83%, underscoring growing confidence from traditional players. At the same time, platforms such as Solv Protocol’s BTC+ and BounceBit are bridging centralized and decentralized finance, creating compliant ways to generate yield from Bitcoin. Exchange data also points to accumulation, with buy orders outpacing sells by nearly 2:1 (311.72 BTC vs. 184.07 BTC on August 16).

Trading Strategy

Traders are keeping a close eye on the $115K support and $120K resistance levels. A breakout above resistance could set the stage for a push toward the $140K zone. Beyond spot price, restaking focused projects may offer opportunities as the ecosystem matures. Current leverage sits at 60.49, a sign of cautious optimism that leaves room for short-term volatility while keeping the broader outlook bullish.

Market Sentiment

Overall sentiment remains strongly positive, with 78% of the community leaning bullish. Many view restaking as more than just a yield opportunity, seeing it as a transformative step that extends Bitcoin’s role beyond digital gold and positions it as a backbone for securing multiple networks.