Labelled XAI Balance Jumps as Trading Activity Eases

The October 5 pressure reading stayed neutral at 59, but its composite improved from -0.1878 to -0.1724. Net dollar liquidity rose from $5.849 trillion to $5.870 trillion as Treasury cash fell from $893.699 billion to $871.181 billion. Overnight reverse repos declined from $1.501 billion to $1.004 billion, the SOFR–IORB spread moved from -3 to -2 basis points, high-yield spreads narrowed from 324 to 310 basis points, and the 10-year real yield rose from 2.88% to 2.92%.

Within XAI, holder count slipped from 51,875 to 51,874, while the labelled six-month balance change rose from 31.373555 million to 106.156612 million XAI. The October 5 close increased from $0.00993 to $0.01002, but spot volume fell from $959,637.40 to $577,987.20 and open interest from $2,607,154.80 to $2,496,599; funding remained 0.005%. The balance measure does not identify owners, counterparties or transfers, so it cannot by itself establish accumulation, a sale or causation.

Liquidity pressure indicator: 59 score
Liquidity composite score: -0.1724 score
Net dollar liquidity: 5.87 USD-trillion
Treasury General Account: 871.18 USD-billion
Overnight reverse repos: 1 USD-billion
SOFR minus IORB: -2 basis-points
High-yield credit spread: 310 basis-points
Ten-year real yield: 2.92 percent
XAI holder addresses: 51,874 addresses
Premarket-labelled balances: six-month change: 106.16 million-XAI
XAI spot close: 0.01002 USD
Recorded XAI spot volume: 577,987.2 USD
Recorded XAI open interest: 2,496,599 USD

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