Narrative
Hook: XAUt liquidity shifted to a thinner venue; 24h volume dropped 97%. What happened: TVL moved from $9.51M to $9.54M; 24h volume fell from $1.02M to $27.67K. Why it matters: This shift could indicate a liquidity concentration risk; monitor for further volume drops. Receipts: 24h volume dropped 97%; 30d count is 111. How to verify: Check 24h volume; monitor for changes in liquidity over the next 30 days.