$XAU is printing an absorption footprint near $3,990 - 2.7x the local book in a single band.
Funding is +0.0013%, so longs are paying to hold; open interest is +2.20% in the last hour and +3.53% over four; and bids hold 54% of visible depth. So the offers are soaking market buys while leveraged longs keep paying funding to stay long - the crowd is financing the longs being absorbed at the offer.
Who is on the wrong side of this footprint - the flow paying the bill, or the depth taking it?
📌 $XAU · #Gold #Macro #Orderbook #BinanceSquare
Related: $XAG $BTC
Data: Binance USD-M futures (funding, open interest, orderbook depth, taker flow)
Funding is +0.0013%, so longs are paying to hold; open interest is +2.20% in the last hour and +3.53% over four; and bids hold 54% of visible depth. So the offers are soaking market buys while leveraged longs keep paying funding to stay long - the crowd is financing the longs being absorbed at the offer.
Who is on the wrong side of this footprint - the flow paying the bill, or the depth taking it?
📌 $XAU · #Gold #Macro #Orderbook #BinanceSquare
Related: $XAG $BTC
Data: Binance USD-M futures (funding, open interest, orderbook depth, taker flow)
