Why did Stacks go up 12.8% on October 31, 2026?
There is not enough price history yet to tell how much of STX's move followed Bitcoin; the figures below describe the move, not its cause. This is STX's largest 24-hour rise in 29 days. No STX report was collected from the day before to the day after; the analysis below weighs older evidence.
What may have driven the move
No clear cause was found for this move.
Weaker possibilities: A report published Oct 31, 12:49 UTC linked the Stacks rally to growing interest in Bitcoin staking. (Stacks Price Rallies as Bitcoin Staking Gains Traction: What Comes Next?); Open interest rose over the 24 hours to Nov 1, 00:00 UTC, while funding turned negative and buyer-initiated derivatives volume share increased. (OKX perpetual swap: settled funding, OKX perpetual swap: open interest, OKX perpetual swap: taker buy/sell volume)
What was checked
A report linking the rally to growing interest in Bitcoin staking is a possible project-related explanation, but it does not verify a specific Stacks catalyst. Derivatives activity may have amplified the move.
Did a concrete Stacks development or trading-position unwind initiate the rally? The available reports and market data do not establish either.
Looked at the 24 hours to Nov 1, 2026, 00:15 UTC
- Day open / close
- $0.2872 → $0.324124 hourly candles, OKX · USDT
- Day range
- $0.2872 – $0.340118.4% from low to high
- Versus the past month
- Its largest 24h rise in 29 days+12.81% in the 24 hours to Nov 1, 2026, 00:00 UTC, 4.3× a typical day (3.0%).
- 30-day range
- 29.7% below the high · 21.0% above the lowFrom hourly highs and lows on the same venue
- 24h volume
- 2.8×of its prior 30-day daily average
- Where it traded
- Binance 19% · Upbit 17% · OKX 8%
- Perpetual swap
- funding strongly negative · open interest risingOKX perpetual swap STX-USDT-SWAP
Computed from OKX · USDT hourly candles for the 24 hours to Nov 1, 2026, 00:00 UTC. Methods →
STX timeline around October 31, 2026
Largest closed hourly move: +5.57%, Oct 31, 2026, 12:00–13:00 (UTC).
2 sharp price swings were flagged; the largest was -4.22% in 5 minutes at Oct 31, 2026, 13:01 UTC.
How often has this happened before?
Since 2017-11-10, STX has risen 10% or more in a UTC day 123 times on Gate · USDT daily closes, counting moves within 7 days of each other once. Seven days later it was higher in 58 of 123 cases, with a median change of -1.52%. This is history, not a forecast.
| After the move | Cases | Higher | Median change |
|---|---|---|---|
| Next day | 123 | 47 | -1.01% |
| 7 days later | 123 | 58 | -1.52% |
| 30 days later | 123 | 57 | -2.59% |
Latest 10 episodes: 2026-09-30, 2026-09-18, 2026-08-20, 2026-05-05, 2026-02-25, 2026-02-02, 2026-01-04, 2025-11-07, 2025-06-23, 2025-05-07 (UTC)
One venue’s daily closes, before costs; the coin’s own survived history, so it says nothing about coins that no longer trade. Past episodes are not a forecast.