Back to collectionXAI Turnover Cools as Pressure Holds at 59
An unchanged neutral score concealed offsetting liquidity, rate and market moves, while XAI spot turnover and open interest retreated and funding returned near zero.
Pressure held at 59, neutral, on September 25, but its components moved. Net dollar liquidity rose $22 billion to $5.822 trillion as Treasury cash fell $22.69 billion to $924.627 billion. Against that support, the ten-year real yield rose nine basis points to 2.85% and the high-yield spread widened seven basis points to 280. The S&P 500, Nasdaq 100 and semiconductor indices rebounded on September 25, while VIX rose to 14.87. These are offsetting observations, not evidence that one caused another.
XAI’s September 26 close slipped from $0.00985 to $0.00937 as recorded spot volume fell $11,408,939.80 to $2,042,597.60. Recorded open interest declined $566,379.20 to $3,821,483 by 17:00 UTC on September 27, while funding moved from -0.074702% to 0.001873%. Holders rose by 17 and pool stakers fell by three. The rolling labelled-balance increase to 37.66819 million XAI remains unattributed; without wallet-level counterparties it does not support a causal claim.
- Liquidity pressure indicator
- 59 score
- Liquidity: five-year percentile
- 59 percentile
- Liquidity composite score
- -0.174 score
- Net dollar liquidity
- 5.82 USD-trillion
- Treasury General Account
- 924.63 USD-billion
- Federal Reserve balance sheet
- 6.75 USD-trillion
- Overnight reverse repos
- 0.576 USD-billion
- SOFR minus IORB
- -2 basis-points
- High-yield credit spread
- 280 basis-points
- Ten-year real yield
- 2.85 percent
- Bank cash buffer
- 11.82 percent
- S&P 500 close
- 7,743.41 index
- S&P 500 drawdown
- -0.71 percent
- Nasdaq 100 close
- 30,608.13 index
- Nasdaq 100 drawdown
- -0.4 percent
- Semiconductor index close
- 12,668.93 index
- Semiconductor drawdown
- -13.43 percent
- VIX volatility index
- 14.87 index
- S&P 500 price/earnings
- 27.89 multiple
- S&P 500 CAPE
- 41.48 multiple
- Largest constituent weight
- 7.71 percent
- Top-three constituent weight
- 20.31 percent
- Top-ten constituent weight
- 40.04 percent
- Magnificent Seven weight
- 33.5 percent
- XAI holder addresses
- 50,055 addresses
- Sentry key holder addresses
- 10,828 addresses
- Sentry keys
- 3,583,516 keys
- Pool staking addresses
- 14,009 addresses
- Premarket-labelled balances: six-month change
- 37.67 million-XAI
- XAI spot close
- 0.00937 USD
- Recorded XAI spot volume
- 2,042,597.6 USD
- Recorded XAI open interest
- 3,821,483 USD
- Recorded XAI funding rate
- 0.00187 percent