STX jumps 15.63% to $0.325 on Genesis Bond Stacks demand
- —STX rose 15.63% in 24 hours, trading around $0.325
- —Trading volume is 57% above the 30-day average
- —Genesis Bond Stacks attracted 250 BTC from institutions
- —RSI at 72.7 and stochastic at 94 signal overbought conditions
Why it matters: Institutional staking in the BTC-linked Genesis Bond creates structural demand for STX, but overbought conditions threaten a correction toward the SMA-20 at $0.27.
Source: DiarioBitcoin