<p>Stacks 在更廣泛的加密市場顯示出復甦跡象時，價格上漲超過 20%，接近 $0.30 區域，重新引起關注。</p>
<p>其代幣 STX 大幅上漲，重新奪回 $0.29–$0.30 區域，此前在有限的方向上交易了數週。</p>
<p>買家在 $0.25 附近積極入場，觸發了迅速反彈，這一表現與近期的價格行為形成鮮明對比。</p>
<p>此次上漲伴隨着擴大的蠟燭圖，而非緩慢的磨蹭走勢，反映出買入的緊迫性。</p>
<p>然而，當價格接近 $0.30 區域時，反彈放緩，這一水平之前限制了上漲嘗試。這一反應突顯了持續的供應壓力。</p>
<p>雖然買家控制了初始的推動力，但賣家在更高的水平上迅速反應。因此，Stacks [STX] 現在交易於短期決策區域附近。</p>
<h2><strong>杯柄結構開始成型</strong></h2>
<p>在日線圖上，STX 在更廣泛的拋售後顯示出復甦結構的形成。</p>
<p>價格從 $0.25 乾淨利落地反彈，形成了正在發展的杯柄模式的杯部分。反彈反映了穩定的買家重新入場，而非恐慌驅動的尖峯。</p>
<p>在初始激增後，STX 回落至 $0.27–$0.28 區域。</p>
<p>這一淺層回撤形成了把手，保持在之前低點之上，顯示出控制的分配。</p>
<p>值得注意的是，拋物線 SAR 在反彈期間翻轉至價格下方，強化了短期方向性支撐。儘管如此，隨着價格的整合，SAR 收緊，表明動能面臨短期考驗。</p>
<p>如果價格突破 $0.32，將增強該模式，而拒絕可能使把手面臨更深的回撤。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/STXUSDT_2026-02-03_09-15-40.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/STXUSDT_2026-02-03_09-15-40.png"/></p>
<p>來源：TradingView</p>
<h2><strong>STX 現貨交易量激增反映市場緊迫性</strong></h2>
<p>現貨交易活動急劇擴大，24 小時交易量在反彈期間激增超過 260%。</p>
<p>交易量氣泡圖轉入 “升温” 區域，確認了各交易所的積極參與。隨着價格加速，交易者迅速入場，放大了短期波動性。</p>
<p>與之前的走勢不同，交易量在上漲過程中保持高位，而不是在首次推動後減弱。這一行為表明了緊迫性，而非耐心。</p>
<p>高週轉率通常伴隨着動量驅動的交易，而非故意的積累。因此，這一激增突顯了強烈的興趣，但也引發了對可持續性的質疑。</p>
<p>為了讓 Stacks 代幣保持漲幅，交易量必須從反應性尖峯轉變為在支撐位附近的穩定參與。否則，較高的交易量可能反映出短期的定位，迅速回撤。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/Stacks-Spot-Volume-Bubble-Map-scaled.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/Stacks-Spot-Volume-Bubble-Map-scaled.png"/></p>
<p>來源：CryptoQuant</p>
<h2><strong>賣方壓力在價格強勢下持續存在</strong></h2>
<p>儘管反彈，現貨買入 CVD 仍明顯以賣方為主。即使價格上漲，賣家仍在不斷打壓買單，表明是獲利了結而非新一輪的積累。</p>
<p>這一分歧很重要，因為它表明並非所有參與者都對價格行為所暗示的看漲信心持有一致看法。</p>
<p>買家在沒有劇烈拒絕的情況下吸收了賣壓，這反映出韌性。然而，持續的賣方主導往往會隨着時間的推移限制上漲動能。</p>
<p>如果買入行為未能轉向買方控制，價格可能難以突破附近的阻力。因此，STX 現在處於一個脆弱的平衡點。</p>
<p>買家必須證明他們能夠持續壓倒賣家。沒有這種轉變，反彈風險將失去動能，並回歸區間震盪行為。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/Stacks-Spot-Taker-CVDCumulative-Volume-Delta-90-day-scaled.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/Stacks-Spot-Taker-CVDCumulative-Volume-Delta-90-day-scaled.png"/></p>
<p>來源：CryptoQuant</p>
<h2><strong>STX 上升的未平倉合約增加了槓桿驅動的風險</strong></h2>
<p>未平倉合約（OI）在 STX 反彈期間激增超過 45%，達到約 2470 萬美元。交易者在價格上漲的同時增加了槓桿敞口，表明投機興趣日益增長。</p>
<p>雖然槓桿可以推動持續上漲，但也增加了脆弱性。</p>
<p>快速的 OI 擴張使價格對任何方向的突然變動更加敏感。失敗的突破可能觸發多頭平倉，加速下行壓力。</p>
<p>相反，持續的強勢可能迫使空頭回補，延續漲幅。</p>
<p>截至發稿時，持倉似乎是方向性的而非防禦性的。交易者傾向於順勢而為，而不是對沖風險。</p>
<p>因此，STX 現在面臨較高的波動風險。價格在關鍵支撐區上方的穩定性對於防止槓桿轉變為不穩定的力量至關重要。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/Screenshot-2026-02-03-103821.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/Screenshot-2026-02-03-103821.png"/></p>
<p>來源：CoinGlass</p>
<p>Stacks 顯示出早期的復甦信號，價格隨着更廣泛市場的強勢反彈。</p>
<p>參與度增加，結構改善，但賣壓和槓桿擴張對可持續性構成挑戰。</p>
<p>買家必須捍衞 $0.27–$0.28 區域，並翻轉現貨流以維持上漲勢頭。</p>
<p>如果沒有這種轉變，獲利了結可能會加深至整合或回撤，然後再繼續上漲。</p>
<hr/>
<h2>最終思考</h2>
<ul>
<li><em>STX 從 $0.25 反彈，現貨交易量上漲 260%，未平倉合約上升 45%，顯示出積極參與。</em></li>
<li><em>Stacks 的賣方主導現貨買入 CVD 和接近 $0.30 的高槓杆可能限制上漲，除非買家重新獲得流動控制。</em></li>
</ul>

<p>Stacks (STX) 價格上漲超過 20%，達到 0.30 美元區域，這一漲幅受到更廣泛的加密市場復甦的推動。此次反彈伴隨着顯著的交易量，增加了 260%，顯示出市場參與的活躍。然而，賣方壓力依然存在，賣家主導了買盤，這表明市場更多的是獲利了結而非新一輪的積累。未平倉合約增加了 45%，顯示出投機興趣的上升，但也加大了波動風險。為了維持漲幅，買家必須捍衞 0.27–0.28 美元區間，並將市場動態轉向有利於他們的方向，否則將面臨回調的風險</p>

<p>Stacks rallied more than 20% toward the $0.30 region as the broader crypto market showed signs of recovery, drawing renewed attention.</p>
<div class="lb-trans"><p>Stacks 在更廣泛的加密市場顯示出復甦跡象時，價格上漲超過 20%，接近 $0.30 區域，重新引起關注。</p>
</div><p>Its token, STX, pushed sharply higher, reclaiming the $0.29–$0.30 region after spending weeks trading with limited direction.</p>
<div class="lb-trans"><p>其代幣 STX 大幅上漲，重新奪回 $0.29–$0.30 區域，此前在有限的方向上交易了數週。</p>
</div><p>Buyers stepped in aggressively near the $0.25 area, triggering a swift rebound that stood out against recent muted price behavior.</p>
<div class="lb-trans"><p>買家在 $0.25 附近積極入場，觸發了迅速反彈，這一表現與近期的價格行為形成鮮明對比。</p>
</div><p>The advance unfolded with expanding candles rather than slow grinding moves, reflecting urgency behind the buying.</p>
<div class="lb-trans"><p>此次上漲伴隨着擴大的蠟燭圖，而非緩慢的磨蹭走勢，反映出買入的緊迫性。</p>
</div><p>However, the rally slowed as the price approached the $0.30 zone, a level that previously capped upside attempts. That reaction highlights lingering supply overhead.</p>
<div class="lb-trans"><p>然而，當價格接近 $0.30 區域時，反彈放緩，這一水平之前限制了上漲嘗試。這一反應突顯了持續的供應壓力。</p>
</div><p>While buyers controlled the initial impulse, sellers responded quickly at higher levels. As a result, Stacks [STX] now trades near a short-term decision area.</p>
<div class="lb-trans"><p>雖然買家控制了初始的推動力，但賣家在更高的水平上迅速反應。因此，Stacks [STX] 現在交易於短期決策區域附近。</p>
</div><h2><strong>Cup-and-handle structure begins to take shape</strong></h2>
<div class="lb-trans"><h2><strong>杯柄結構開始成型</strong></h2>
</div><p>On the daily chart, STX showed a recovery structure forming after the broader selloff.</p>
<div class="lb-trans"><p>在日線圖上，STX 在更廣泛的拋售後顯示出復甦結構的形成。</p>
</div><p>Price rebounded cleanly from $0.25, creating the cup portion of a developing cup-and-handle pattern. The rebound reflected steady buyer re-entry rather than panic-driven spikes.</p>
<div class="lb-trans"><p>價格從 $0.25 乾淨利落地反彈，形成了正在發展的杯柄模式的杯部分。反彈反映了穩定的買家重新入場，而非恐慌驅動的尖峯。</p>
</div><p>After the initial surge, STX pulled back toward the $0.27–$0.28 zone.</p>
<div class="lb-trans"><p>在初始激增後，STX 回落至 $0.27–$0.28 區域。</p>
</div><p>That shallow retracement formed the handle, holding well above prior lows and signaling controlled distribution.</p>
<div class="lb-trans"><p>這一淺層回撤形成了把手，保持在之前低點之上，顯示出控制的分配。</p>
</div><p>Notably, the Parabolic SAR flipped below price during the rebound, reinforcing short-term directional support. Even so, SAR tightened as price consolidated, indicating momentum faced a near-term test.</p>
<div class="lb-trans"><p>值得注意的是，拋物線 SAR 在反彈期間翻轉至價格下方，強化了短期方向性支撐。儘管如此，隨着價格的整合，SAR 收緊，表明動能面臨短期考驗。</p>
</div><p>A decisive break above $0.32 would strengthen the pattern, while rejection could expose the handle to deeper retracement.</p>
<div class="lb-trans"><p>如果價格突破 $0.32，將增強該模式，而拒絕可能使把手面臨更深的回撤。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/STXUSDT_2026-02-03_09-15-40.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2026/02/STXUSDT_2026-02-03_09-15-40.png"/></p>
<p>Source: TradingView</p>
<div class="lb-trans"><p>來源：TradingView</p>
</div><h2><strong>STX Spot volume surge reflects urgency across markets</strong></h2>
<div class="lb-trans"><h2><strong>STX 現貨交易量激增反映市場緊迫性</strong></h2>
</div><p>Spot trading activity expanded sharply as 24-hour volume surged more than 260% during the rally.</p>
<div class="lb-trans"><p>現貨交易活動急劇擴大，24 小時交易量在反彈期間激增超過 260%。</p>
</div><p>The Volume Bubble Map shifted into “heating” territory, confirming aggressive participation across exchanges. Traders entered positions rapidly as the price accelerated, amplifying short-term volatility.</p>
<div class="lb-trans"><p>交易量氣泡圖轉入 “升温” 區域，確認了各交易所的積極參與。隨着價格加速，交易者迅速入場，放大了短期波動性。</p>
</div><p>Unlike prior moves, volume remained elevated throughout the advance rather than fading after the first push. That behavior signals urgency rather than patience.</p>
<div class="lb-trans"><p>與之前的走勢不同，交易量在上漲過程中保持高位，而不是在首次推動後減弱。這一行為表明了緊迫性，而非耐心。</p>
</div><p>High turnover often accompanies momentum-driven trades rather than deliberate accumulation. Therefore, the surge highlights strong interest but also raises questions about sustainability.</p>
<div class="lb-trans"><p>高週轉率通常伴隨着動量驅動的交易，而非故意的積累。因此，這一激增突顯了強烈的興趣，但也引發了對可持續性的質疑。</p>
</div><p>For the Stacks token to maintain gains, volume must transition from reactive spikes into steadier participation near support levels. Otherwise, elevated volume may reflect short-term positioning that unwinds just as quickly.</p>
<div class="lb-trans"><p>為了讓 Stacks 代幣保持漲幅，交易量必須從反應性尖峯轉變為在支撐位附近的穩定參與。否則，較高的交易量可能反映出短期的定位，迅速回撤。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/Stacks-Spot-Volume-Bubble-Map-scaled.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2026/02/Stacks-Spot-Volume-Bubble-Map-scaled.png"/></p>
<p>Source: CryptoQuant</p>
<div class="lb-trans"><p>來源：CryptoQuant</p>
</div><h2><strong>Sell-side pressure persists beneath price strength</strong></h2>
<div class="lb-trans"><h2><strong>賣方壓力在價格強勢下持續存在</strong></h2>
</div><p>Despite the rally, Spot Taker CVD remained clearly sell-dominant. Sellers continued hitting bids even as the price pushed higher, pointing to profit-taking rather than fresh accumulation.</p>
<div class="lb-trans"><p>儘管反彈，現貨買入 CVD 仍明顯以賣方為主。即使價格上漲，賣家仍在不斷打壓買單，表明是獲利了結而非新一輪的積累。</p>
</div><p>This divergence matters because it shows that not all participants share the bullish conviction implied by price action alone.</p>
<div class="lb-trans"><p>這一分歧很重要，因為它表明並非所有參與者都對價格行為所暗示的看漲信心持有一致看法。</p>
</div><p>Buyers absorbed that sell pressure without sharp rejection, which reflects resilience. However, persistent sell dominance often caps upside momentum over time.</p>
<div class="lb-trans"><p>買家在沒有劇烈拒絕的情況下吸收了賣壓，這反映出韌性。然而，持續的賣方主導往往會隨着時間的推移限制上漲動能。</p>
</div><p>If taker behavior fails to shift toward buyer control, price may struggle to extend beyond nearby resistance. Therefore, STX now sits at a fragile balance point.</p>
<div class="lb-trans"><p>如果買入行為未能轉向買方控制，價格可能難以突破附近的阻力。因此，STX 現在處於一個脆弱的平衡點。</p>
</div><p>Buyers must prove they can overpower sellers consistently. Without that shift, the rally risks losing momentum and rotating back into range-bound behavior.</p>
<div class="lb-trans"><p>買家必須證明他們能夠持續壓倒賣家。沒有這種轉變，反彈風險將失去動能，並回歸區間震盪行為。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/Stacks-Spot-Taker-CVDCumulative-Volume-Delta-90-day-scaled.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2026/02/Stacks-Spot-Taker-CVDCumulative-Volume-Delta-90-day-scaled.png"/></p>
<p>Source: CryptoQuant</p>
<div class="lb-trans"><p>來源：CryptoQuant</p>
</div><h2><strong>STX rising Open Interest adds leverage-driven risk</strong></h2>
<div class="lb-trans"><h2><strong>STX 上升的未平倉合約增加了槓桿驅動的風險</strong></h2>
</div><p>Open Interest (OI) jumped more than 45%, reaching roughly $24.7 million as STX rallied. Traders added leveraged exposure alongside rising prices, signaling growing speculative interest.</p>
<div class="lb-trans"><p>未平倉合約（OI）在 STX 反彈期間激增超過 45%，達到約 2470 萬美元。交易者在價格上漲的同時增加了槓桿敞口，表明投機興趣日益增長。</p>
</div><p>While leverage can fuel continuation, it also increases vulnerability.</p>
<div class="lb-trans"><p>雖然槓桿可以推動持續上漲，但也增加了脆弱性。</p>
</div><p>Rapid OI expansion makes the price more sensitive to sudden moves in either direction. A failed breakout could trigger long liquidations, accelerating downside pressure.</p>
<div class="lb-trans"><p>快速的 OI 擴張使價格對任何方向的突然變動更加敏感。失敗的突破可能觸發多頭平倉，加速下行壓力。</p>
</div><p>Conversely, sustained strength could force shorts to cover, extending gains.</p>
<div class="lb-trans"><p>相反，持續的強勢可能迫使空頭回補，延續漲幅。</p>
</div><p>At press time, positioning appeared directional rather than defensive. Traders leaned into the move instead of hedging risk.</p>
<div class="lb-trans"><p>截至發稿時，持倉似乎是方向性的而非防禦性的。交易者傾向於順勢而為，而不是對沖風險。</p>
</div><p>Therefore, STX now carries elevated volatility risk. Price stability above key support zones remains critical to prevent leverage from turning into a destabilizing force.</p>
<div class="lb-trans"><p>因此，STX 現在面臨較高的波動風險。價格在關鍵支撐區上方的穩定性對於防止槓桿轉變為不穩定的力量至關重要。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/02/Screenshot-2026-02-03-103821.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2026/02/Screenshot-2026-02-03-103821.png"/></p>
<p>Source: CoinGlass</p>
<div class="lb-trans"><p>來源：CoinGlass</p>
</div><p>Stacks showed early recovery signals as price rebounded alongside broader market strength.</p>
<div class="lb-trans"><p>Stacks 顯示出早期的復甦信號，價格隨着更廣泛市場的強勢反彈。</p>
</div><p>Participation increased and structure improved, but sell pressure and leverage expansion challenged sustainability.</p>
<div class="lb-trans"><p>參與度增加，結構改善，但賣壓和槓桿擴張對可持續性構成挑戰。</p>
</div><p>Buyers must defend the $0.27–$0.28 zone and flip spot flows to maintain upside traction.</p>
<div class="lb-trans"><p>買家必須捍衞 $0.27–$0.28 區域，並翻轉現貨流以維持上漲勢頭。</p>
</div><p>Without that shift, profit-taking could deepen into consolidation or a pullback before continuation.</p>
<div class="lb-trans"><p>如果沒有這種轉變，獲利了結可能會加深至整合或回撤，然後再繼續上漲。</p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><h2>Final Thoughts</h2>
<div class="lb-trans"><h2>最終思考</h2>
</div><ul>
<li><em>STX bounced from $0.25, with Spot Volume up 260% and Open Interest rising 45%, signaling aggressive participation.</em></li>
<li><em>Stacks’ Sell-dominant Spot Taker CVD and elevated leverage near $0.30 may cap upside unless buyers regain flow control.</em></li>
</ul>
<div class="lb-trans"><ul>
<li><em>STX 從 $0.25 反彈，現貨交易量上漲 260%，未平倉合約上升 45%，顯示出積極參與。</em></li>
<li><em>Stacks 的賣方主導現貨買入 CVD 和接近 $0.30 的高槓杆可能限制上漲，除非買家重新獲得流動控制。</em></li>
</ul>
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Stacks rallies 20%, draws heavy participation – Can STX convert it into strength?

- Stacks [STX] 價格因更廣泛市場復甦上漲超過 20%，進入 $0.30 區域。  
- Spot 交易量增長超 260%，顯示出市場參與的緊迫性。  
- 賣壓依然主導，多頭需維持 $0.27–$0.28 區域，以穩定上行趨勢。

Amb Crypto

Riot Platforms

Grayscale Ethereum Staking ETF

Bitwise Ethereum ETF

CoinShares Bitcoin ETF

Proshares Ether Strategy ETF

Grayscale Ethereum Mini Staking ETF

Valkyrie Bitcoin and Ether Strategy ETF

Hut 8 Mining

Bitdeer Tech

BTCS

WisdomTree Bitcoin Fund

Bitwise Bitcoin ETF

VanEck Ethereum ETF

ARK 21Shares Bitcoin ETF

Franklin Ethereum ETF

Fidelity Wise Origin Bitcoin Fund - ETF

Invesco Galaxy Bitcoin ETF

VanEck Bitcoin ETF

Coinbase

Bitfarms Canada

IShares Ethereum Trust ETF

Franklin Bitcoin ETF

ProShares Bitcoin Strategy ETF

21Shares Ethereum ETF

Marathon Digital

CleanSpark

Invesco Galaxy Ethereum ETF

Fidelity Ethereum Fund

iShares Bitcoin Trust ETF

Stacks 上漲 20%，吸引了大量參與——STX 能否將這種勢頭轉化為更大的實力？