Back to collectionXAI Spot Activity Rises as Open Interest Retreats
XAI closed higher with more recorded spot volume, while derivatives open interest fell and funding stayed mildly positive; liquidity pressure remained neutral at 59.
XAI closed at $0.00976 on September 27, up $0.00039 from September 26, while recorded spot volume rose $945,361.90 to $2,987,959.50. By 17:00 UTC on September 28, recorded open interest had fallen $873,809 to $2,947,674. Funding increased from 0.001873% to 0.002969% but remained mildly positive. The combination points to stronger recorded spot turnover alongside reduced outstanding derivatives exposure, not proof of a durable trend or a causal relationship.
The wider liquidity pressure score remained 59, neutral, on its September 25 observation. The SOFR-IORB spread moved from minus 2 to 0 basis points; holder count added nine addresses and pool stakers added one. A separate rolling labelled-balance increase to 38.081578 million XAI remains unattributed and is not used to infer accumulation, distribution or ownership.