📊 Market Shifts
1.Spot Gold Falls Over 5%
Spot gold prices fell over 5% on the day, now trading near $5,096 per ounce, following a sharp selloff after recent record highs. The decline marks the worst single-day fall since October 21, driven by aggressive profit booking in the precious metals market, which had seen exceptional returns over the past two months.
🐋 Whale Movements
Solana-based perpetual platform Pacifica sees active trading of XAU (on-chain silver) and PAXG (on-chain gold) contracts, with 24-hour volume reaching $871,000 and open interest at $503,000
Binance adjusts funding intervals for XAUUSDT and XAGUSDT perpetuals from every 4 hours to every 8 hours, reducing max funding rate from ±0.375% to ±0.05%
Spot gold prices fell over 5% to $5,096/oz after record highs, marking worst single-day fall since October 21 due to aggressive profit booking.
#MarketCorrection #PreciousMetalsTurbulence #GoldOnTheRise #bnbguy #BinanceSquare
$XAU
1.Spot Gold Falls Over 5%
Spot gold prices fell over 5% on the day, now trading near $5,096 per ounce, following a sharp selloff after recent record highs. The decline marks the worst single-day fall since October 21, driven by aggressive profit booking in the precious metals market, which had seen exceptional returns over the past two months.
🐋 Whale Movements
Solana-based perpetual platform Pacifica sees active trading of XAU (on-chain silver) and PAXG (on-chain gold) contracts, with 24-hour volume reaching $871,000 and open interest at $503,000
Binance adjusts funding intervals for XAUUSDT and XAGUSDT perpetuals from every 4 hours to every 8 hours, reducing max funding rate from ±0.375% to ±0.05%
Spot gold prices fell over 5% to $5,096/oz after record highs, marking worst single-day fall since October 21 due to aggressive profit booking.
#MarketCorrection #PreciousMetalsTurbulence #GoldOnTheRise #bnbguy #BinanceSquare
$XAU