$XAU: one offer band near $4,070 holds 4.2x the depth sitting next to it.
Funding is +0.0038%, so longs are paying to hold; open interest is +2.70% in the last hour and +2.76% over four; and bids hold 47% 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. The book, not the last candle, is the tell here.
If the book is this one-sided, why is price still stuck in the middle of the range?
📌 $XAU · #Gold #Macro #Orderbook #BinanceSquare
Data: Binance USD-M futures (funding, open interest, orderbook depth, taker flow)
Funding is +0.0038%, so longs are paying to hold; open interest is +2.70% in the last hour and +2.76% over four; and bids hold 47% 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. The book, not the last candle, is the tell here.
If the book is this one-sided, why is price still stuck in the middle of the range?
📌 $XAU · #Gold #Macro #Orderbook #BinanceSquare
Data: Binance USD-M futures (funding, open interest, orderbook depth, taker flow)
