Stacks [STX] rose roughly 13% over the past day as buying strengthened across spot and perpetual markets. Spot traders purchased STX across multiple crypto venues and moved the tokens to private wallets, pushing netflow (the balance of assets entering and leaving exchanges) to roughly negative $165,000 after a $5.90 million purchase. CoinGlass data shows cumulative netflow of negative $1.15 million over the past 10 days and negative $1.03 million over the past three days, indicating sustained accumulation. In the perpetual market, open interest (the value of outstanding derivatives positions) surged 24% to $38 million, while the funding rate reached 0.0101% and stayed positive for days, reflecting bullish positioning. However, short liquidations of $71,000 and long liquidations of roughly $54,000 remained relatively close, suggesting limited conviction among traders to commit fully to either direction. Continued spot buying could improve the chances of a sustained STX rally, with accumulation currently the clearest market trend.