Black Ledger
Kredi Farkı ve Yoğunlaşma Artarken Likidite Sınırlı Ölçüde Gevşedi
Daha düşük Hazine nakdi net likiditeyi yükseltti; ancak genişleyen yüksek getirili tahvil farkı, yüksek VIX ve artan yoğunlaşma baskıyı 59 ile nötr tuttu.
Yayımlanma

VIX rose from 16.04 to 16.34, while top-one, top-three and top-ten concentration increased to 7.92%, 20.51% and 40.19%. XAI spot volume fell to $505,289.30 even as open interest rose to $2.827 million and funding turned slightly negative. These differently dated observations show a mixed risk picture, not a causal chain. The larger rolling labelled-wallet balance change remains unattributed and is excluded from directional interpretation.