Stacks (STX) Gains 5.6% as 24-Hour Futures Turnover Tops Spot

Stacks (STX) rose 5.6% over 24 hours to $0.3675 at 10:09 a.m. ET Wednesday (14:09 UTC), after touching a 24-hour low of $0.3362. Futures turnover exceeded spot trading during the same period.

STX remained below its Oct. 14 UTC close of $0.423978, or about $0.424. On Oct. 20, STX traded at $0.3487 after a 19.9% seven-day decline.

Futures turnover totaled $70.48 million over 24 hours, compared with $13.09 million in spot trading. The eight-hour perpetual futures funding measure was -0.0050% at the same check. Negative funding means short traders paid long traders to hold positions; the measure reflects the cost of those positions, not the token’s next direction.

Stacks is a network that brings smart contracts to Bitcoin (BTC), and STX is its native token. The turnover comparison shows more reported activity in futures than spot during that period, but the figures do not establish whether the rebound will hold or what drove it.