--- title: "Why did Stacks go up 12.8% on October 31, 2026?" language: en canonical: "https://whycoinmoves.com/en/coins/blockstack/2026-10-31" date: 2026-10-31 --- # Why did Stacks go up 12.8% on October 31, 2026? 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. On October 31, 2026 (UTC), STX went from about $0.2872 to $0.3241 (+12.81%) on OKX · USDT, trading between $0.2872 and $0.3401. 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. 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. ## What may be driving the move 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. - trigger · low: A report published Oct 31, 12:49 UTC linked the Stacks rally to growing interest in Bitcoin staking. That theme could have encouraged interest in STX, but the report alone does not establish a new development or its effect on buying. Evidence gap: The headline gives no verifiable announcement or evidence that the staking theme initiated the rally; its timing relative to the move's onset is unknown. Sources: [S13]() - amplifier · low: Open interest rose over the 24 hours to Nov 1, 00:00 UTC, while funding turned negative and buyer-initiated derivatives volume share increased. These mixed signals are consistent with added trading activity that could have amplified a rise, but do not show liquidations or short covering. Evidence gap: Open interest does not reveal trade direction, and the records do not establish positioning or liquidation timing. Sources: [S5](), [S7](), [S8]() Open question: Did a concrete Stacks development or trading-position unwind initiate the rally? The available reports and market data do not establish either. Analysis generated: 2026-11-01T00:16:06.000Z; evidence window: 2026-10-31T00:15:57.000Z → 2026-11-01T00:15:57.000Z. - Day open / close: $0.2872 → $0.3241 (24 hourly candles, OKX · USDT) - Day range: $0.2872 – $0.3401 - 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 low; From 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 rising; OKX perpetual swap STX-USDT-SWAP Computed from OKX · USDT hourly candles for the 24 hours to Nov 1, 2026, 00:00 UTC. ## STX timeline around October 31, 2026 Largest closed hourly move: +5.57%, Oct 31, 2026, 12:00–13:00 (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% | 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. Prices, market readings and reports are shown side by side; timing alone does not show what caused a move. ## Same-day movers · 2026-10-31 (UTC) - [Akedo (AKE) -21.50%]() - [Lisk (LSK) +19.22%]() - [Lighter (LIT) +13.80%]() - [Morpho (MORPHO) +13.74%]() - [TRON (TRX) -9.80%]() [Stacks (STX) price and news]() [Methods and limitations]()