**Strategy: The $STX Bitcoin Layer 2 Expansion**


**$STX** (Stacks) is currently trading at **$3.15** with a **7.6% gain** as the "Bitcoin DeFi" summer officially begins. While Bitcoin is hovering under $80k, the activity on Stacks is surging because investors are looking to earn a yield on their BTC rather than just holding it. The Nakamoto upgrade has successfully reduced block times to under 5 seconds, making STX the fastest Bitcoin L2 in the ecosystem.
I am executing a **"BTC-Yield-Capture"** strategy. I look for the total amount of "sBTC" being minted on the Stacks network. When the sBTC supply grows by more than 10% in a week, it usually leads to a 20% price rally for STX. I am setting buy limit orders at **$2.95** with a target of **$4.00** for the next leg up.
Bitcoin is no longer a "lazy" asset. With Stacks, you can finally use your BTC for lending, borrowing, and high-frequency trading. Are you putting your Bitcoin to work on Layer 2 or is it just sitting in a cold wallet? I want to see your favorite Bitcoin DeFi protocol in the comments.

#STX #Stacks #BitcoinL2
#GateSquareMayTradingShare

$STX ‌
STX0.04%
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