From TokenPost · · 40s
Stacks (STX) Rises 5.6% as Futures Turnover Surpasses Spot
Stacks (STX) gained 5.6% in 24 hours as futures turnover exceeded spot trading.
In brief
Stacks (STX) gained 5.6% in 24 hours as futures turnover exceeded spot trading. Stacks (STX) rose 5.6% after futures turnover surpassed spot trading at $70.48 million. Originally reported by TokenPost.
Stacks (STX) Price Movement
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 Exceeds Spot Trading
Futures turnover totaled $70.48 million over 24 hours, compared with $13.09 million in spot trading.
Funding Measure Details
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 main idea
Stacks (STX) rose 5.6% after futures turnover surpassed spot trading at $70.48 million.
