Back to collectionTreasury Cash Release Lifts Liquidity as XAI Turnover Surges
Pressure stayed neutral at 55 as lower Treasury cash supported net liquidity and risk gauges eased, while XAI volume rose with slightly less open interest.
Liquidity pressure remained 55 and neutral on October 22, but the mix changed. Treasury cash fell $28.5 billion to $945.153 billion on October 21, lifting net dollar liquidity $18 billion to $5.808 trillion even as the Federal Reserve balance sheet edged down $2 billion. High-yield spreads narrowed six basis points to 327, the ten-year real yield fell four basis points to 2.76%, major equity indexes rose, drawdowns improved and VIX eased 0.63 to 16.68. Top-one, top-three and top-ten concentration all increased slightly, so the broader relief did not reduce market concentration.
XAI closed at $0.00806 on October 22, down from $0.00845, while recorded spot volume rose from $218,893 to $1,166,769.40. Recorded open interest eased by $8,052.70 to $1,750,430.60 and funding stayed at 0.005%; holders increased by 17 and the six-month change in labelled balances rose 0.24844 million XAI. The combination indicates higher turnover with slightly less recorded leverage, not proof of forced deleveraging or a cause for the price move.
- Liquidity pressure indicator
- 55 score
- Liquidity: five-year percentile
- 55 percentile
- Liquidity composite score
- -0.1084 score
- Net dollar liquidity
- 5.81 USD-trillion
- Treasury General Account
- 945.15 USD-billion
- Federal Reserve balance sheet
- 6.75 USD-trillion
- Overnight reverse repos
- 0.351 USD-billion
- SOFR minus IORB
- -2 basis-points
- High-yield credit spread
- 327 basis-points
- Ten-year real yield
- 2.76 percent
- Bank cash buffer
- 12.29 percent
- S&P 500 close
- 7,757.17 index
- S&P 500 drawdown
- -0.79 percent
- Nasdaq 100 close
- 29,822.52 index
- Nasdaq 100 drawdown
- -4.49 percent
- Semiconductor index close
- 11,505.56 index
- Semiconductor drawdown
- -21.38 percent
- VIX volatility index
- 16.68 index
- S&P 500 price/earnings
- 27.89 multiple
- S&P 500 CAPE
- 40.54 multiple
- Largest constituent weight
- 7.59 percent
- Top-three constituent weight
- 20.3 percent
- Top-ten constituent weight
- 39.89 percent
- Magnificent Seven weight
- 34.6 percent
- XAI holder addresses
- 51,875 addresses
- Sentry key holder addresses
- 10,828 addresses
- Sentry keys
- 3,583,516 keys
- Pool staking addresses
- 13,998 addresses
- Premarket-labelled balances: six-month change
- 105.49 million-XAI
- XAI spot close
- 0.00806 USD
- Recorded XAI spot volume
- 1,166,769.4 USD
- Recorded XAI open interest
- 1,750,430.6 USD
- Recorded XAI funding rate
- 0.005 percent