Stacks (STX) Slips 7% Amid Market Correction and Profit Taking

Stacks (STX) saw a 7% decline over the past 24 hours, largely due to a market-wide correction and profit-taking after its recent rally.

The total crypto market cap fell by approximately 2.41%, from $2.93 trillion to $2.86 trillion, while 24-hour volume increased, which is typical of a risk-off flush.

Multiple outlets reported a significant long-liquidation wave, with around $400-500 million in leveraged long positions closed within the same time frame.

This correction disproportionately affected mid-cap altcoins like STX, as they have thinner order books and higher shares of speculative leverage, leading to prices falling several percentage points more than the broader market.