Back to collectionXAI Leverage and Turnover Rise as Pressure Edges Higher
Pressure rose to 59 as real yields and credit spreads firmed, while XAI spot volume, open interest and negative funding signalled a larger but more one-sided derivatives position.
Liquidity pressure rose one point to 59, still neutral, on September 24. Net dollar liquidity increased $11 billion to $5.8 trillion as Treasury cash fell $10.092 billion to $947.317 billion, but the ten-year real yield climbed 13 basis points to 2.76% and the high-yield spread widened five basis points to 273. The result is a modestly tighter composite reading, not a single-direction liquidity event.
XAI’s September 24 spot close rose from $0.00791 to $0.00985 as recorded spot volume jumped from $477,106.80 to $13,451,537.40. By 17:00 UTC on September 25, recorded open interest had increased $2,074,206.30 to $4,387,862.20, while funding shifted from 0.005% to -0.074702%. The simultaneous rise in price, turnover and open interest shows more activity and leverage; negative funding indicates positioning was tilted toward shorts at the observed time. It does not establish what caused the move. A separate 12.215953 million XAI increase in rolling labelled balances remains unattributed pending wallet-level evidence.
- Liquidity pressure indicator
- 59 score
- Liquidity: five-year percentile
- 59 percentile
- Liquidity composite score
- -0.1754 score
- Net dollar liquidity
- 5.8 USD-trillion
- Treasury General Account
- 947.32 USD-billion
- Federal Reserve balance sheet
- 6.75 USD-trillion
- Overnight reverse repos
- 0.63 USD-billion
- SOFR minus IORB
- -2 basis-points
- High-yield credit spread
- 273 basis-points
- Ten-year real yield
- 2.76 percent
- Bank cash buffer
- 11.89 percent
- S&P 500 close
- 7,704.13 index
- S&P 500 drawdown
- -1.22 percent
- Nasdaq 100 close
- 30,478.86 index
- Nasdaq 100 drawdown
- -0.59 percent
- Semiconductor index close
- 12,492.54 index
- Semiconductor drawdown
- -14.64 percent
- VIX volatility index
- 14.21 index
- S&P 500 price/earnings
- 27.89 multiple
- S&P 500 CAPE
- 40.94 multiple
- Largest constituent weight
- 7.73 percent
- Top-three constituent weight
- 20.25 percent
- Top-ten constituent weight
- 39.98 percent
- Magnificent Seven weight
- 33.5 percent
- XAI holder addresses
- 50,038 addresses
- Sentry key holder addresses
- 10,828 addresses
- Sentry keys
- 3,583,516 keys
- Pool staking addresses
- 14,012 addresses
- Premarket-labelled balances: six-month change
- 36.44 million-XAI
- XAI spot close
- 0.00985 USD
- Recorded XAI spot volume
- 13,451,537.4 USD
- Recorded XAI open interest
- 4,387,862.2 USD
- Recorded XAI funding rate
- -0.0747 percent