$XAU This order book is clearly the last round of baiting before the dog-walker/market maker withdraws—futures open interest evaporates by a big chunk in just seven hours; the funding rate goes straight to zero. The longs can’t even hold onto half of the aggressive buy volume they’re supposed to. This is called “building strength”? This is just handing over headcount! On the spot side, the bids are stacked thickly enough to be obvious, but on the futures side the主动卖单 (active sell orders) grind the buys into the ground—support orders are all just theatrics for show, fake moves. The worst hasn’t come yet; once this layer of skin gets torn open, the “follower” bottom-fishers will basically be the year-end bonus sent to the main force. Waiting for the waterfall—don’t get lucky!