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STRK token jumps 20% amid strong derivatives activity and rising long positions

Technical Signals
08 Oct 2026
Tokenpost
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Bullish
STRK token jumps 20% amid strong derivatives activity and rising long positions

The STRK token from Starknet surged about 20% within 24 hours as derivatives trading showed a strong preference for long positions, with long volume surpassing short volume on major exchanges like Bybit and Bitunix. Most trading occurred in perpetual contracts, with a high perpetual-to-spot volume ratio of 4.04, indicating increased derivatives activity. Funding rates and open interest also rose, suggesting new positions entered the market during the rally. However, spot market inflows were modest, signaling cautious profit-taking, and the sustainability of the rally depends on whether spot demand grows alongside derivatives exposure to avoid a potential leveraged reversal.

STRK's price on Pluang rose 15.87% to Rp1.013 as of Oct 09, 2026 05:41 WIB, reflecting strong buying interest with 73% of orders as buys. This rally contrasts with its circulating supply of 7.4 billion tokens and a market cap of Rp7.52 trillion, showing notable investor engagement despite a typical hold time of 76 days. The 24-hour trading volume of Rp4.66 trillion highlights active market participation amid the token's recent surge.

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