STX fell by 8% in 24 hours to $0.345, bringing its 7-day performance down to -15%. Open Interest in the STX perpetual market declined by more than 7% to $47.13 million, with capital outflows of $13.19 million and netflows at -$1.10 million. Despite this contraction in positions, the Open Interest-Weighted Funding Rate is positive at 0.0041%, indicating a dominance of long positions. Buy volume exceeded sell volume on OKX, MEXC, and LBank, hinting at a possible rebound in the short term.
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