$XAG is sitting on a bid wall near $52.5 that is 2.6x the average band around it.
Funding is 0.0000%, so neither side is paying much; open interest is +2.35% in the last hour and +1.47% over four; and bids hold 49% of visible depth. So the bids are soaking market sells while neither side is paying a meaningful funding bill - there is no funding tailwind here, so it is pure book versus flow.
Does the wall hold through the next session, or does it get pulled the moment flow turns?
📌 $XAG · #Silver #Macro #Orderbook #BinanceSquare
Data: Binance USD-M futures (funding, open interest, orderbook depth, taker flow)
Funding is 0.0000%, so neither side is paying much; open interest is +2.35% in the last hour and +1.47% over four; and bids hold 49% of visible depth. So the bids are soaking market sells while neither side is paying a meaningful funding bill - there is no funding tailwind here, so it is pure book versus flow.
Does the wall hold through the next session, or does it get pulled the moment flow turns?
📌 $XAG · #Silver #Macro #Orderbook #BinanceSquare
Data: Binance USD-M futures (funding, open interest, orderbook depth, taker flow)
