Stacks (STX) surged roughly 13% in the past 24 hours, driven by capital inflows across Perpetual and Spot markets. Spot market accumulation persisted for ten consecutive days, with a negative Netflow of $1.15 million, indicating sustained buying pressure. Perpetual Open Interest climbed 24% to $38 million, while the Funding Rate reached 0.0101%, confirming bullish positioning among investors. However, the narrow gap between long and short liquidations ($54,000 versus $71,000) suggests limited conviction among traders, which could constrain the rally’s durability.
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