🔥 $STX just jumped 13% — but can bulls keep this move alive❓
The interesting part isn’t only the price pump. Spot buyers have been quietly accumulating STX, with netflow turning negative. Around $5.9M in buying was recorded, while the last 10 days showed roughly $1.15M in net outflow. That usually means more coins are moving away from exchanges and into holding wallets. 👀
Futures activity is also heating up. Open Interest jumped 24% to around $38M, while funding stayed positive near 0.0101%, showing traders are leaning bullish.
But there’s one warning: liquidations are still pretty balanced. Shorts lost around $71K while longs lost $54K. That small gap tells me conviction isn’t extremely strong yet.
If spot accumulation continues and OI keeps rising, STX could have more room to run. 🚀
But I’d watch whether buyers can keep absorbing supply before chasing the pump.
#stx #rally
The interesting part isn’t only the price pump. Spot buyers have been quietly accumulating STX, with netflow turning negative. Around $5.9M in buying was recorded, while the last 10 days showed roughly $1.15M in net outflow. That usually means more coins are moving away from exchanges and into holding wallets. 👀
Futures activity is also heating up. Open Interest jumped 24% to around $38M, while funding stayed positive near 0.0101%, showing traders are leaning bullish.
But there’s one warning: liquidations are still pretty balanced. Shorts lost around $71K while longs lost $54K. That small gap tells me conviction isn’t extremely strong yet.
If spot accumulation continues and OI keeps rising, STX could have more room to run. 🚀
But I’d watch whether buyers can keep absorbing supply before chasing the pump.
#stx #rally