Executive Summary
USX sits 5,783 bps under peg for 453 hours; pmUSD makes that look brisk at 1,663 hours. Thirteen depegs active while PSI extends its BEDROCK streak to 17 days.
USX has now spent 453 hours anchored 5,783 bps below peg, with dForce's $20.8M in circulating exposure showing zero sign of resolution. It is the deepest active break on the tape, though pmUSD (5,568 bps, 1,663 hours, $69.56M) makes USX look freshly stuck by comparison. Thirteen depegs sit active; five resolved in 24 hours, and the composition rotates without the count budging.
Liquidity Rebuilds. Three new DEX depth improvements printed today: USDf added $5.4M (score 48 to 58) on $1.42B float, LISUSD nearly quadrupled TVL to $18.35M on $74.91M mcap, and CASH more than doubled to $20.82M. None led yesterday's set. PSI ticked from 91.9 to 93, extending BEDROCK to 17 days while the depeg count refuses to fall.
XAUT shed $428.67M over seven days, its largest weekly outflow on record, leaving mcap 16% below the $3.00B March ATH. Watch APXUSD next: if it widens from 3,159 bps back to 3,650, the tape stops reading as slow attrition and starts reading as a second leg. The alternate trigger is PSI at 91 or lower, which would end the streak the index has been coasting on.