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keel
Ledger
64,752,667
Methodology
1.0.8-draft
Age
5s

ETH against USDC — what depth stands behind this price?

All assets

ETH / USDC

GBFX…SOCC

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
53.14 USDC (shortened; full value 53.143296551458975057524090980463185657669774536692 USDC)Limited by liquidation depth
Depth within 5%
buy0 USDCsell75.81 USDC (shortened; full value 75.815526717994450735288844111033362346231757950868 USDC)
Cost to move +50%
9,188.99 USDC (shortened; full value 9188.9986771 USDC)Reachable through the order book
Checks
6 triggered3 not evaluated

History

Window
Resolution
Source

Price

The midpoint the engine read at each scan. It says what the market quotes, not what it can absorb.

Higher at the end of the window than at its start

Lowest
2,205 USDC
Highest
2,797.42781922 USDC (shortened; full value 2797.4278192221076866 USDC)
2026-09-11T17:47:56Z — 2026-10-02T10:38:37Z
Mid price
2,754.88003976 USDC (shortened; full value 2754.8800397601066193 USDC)
498 readings from horizon, with no gaps reported. One source per chart.

Checks

What fires now, how long it has been firing across the window above, and what could not run.
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Extreme spreadnowSPREAD_EXTREME490 of 498
Nothing tradable within 2%nowZERO_DEPTH_2PCT411 of 498
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREME145 of 498
Supply is concentratednowHOLDER_CONCENTRATION_HIGH145 of 498
Cheap to move the pricenowMANIPULATION_CHEAP83 of 498
Price sources disagreePRICE_SOURCE_CONFLICT84 of 498
No genuine trade in 7 daysNO_GENUINE_TRADE_7D28 of 498

Not evaluated3

  • No genuine trade in 30 days
  • No genuine trade in 7 days
  • Volume may be wash traded

Evidence

The figures behind the verdict, as the engine served them.

Concentration and wash trading bound how much of the depth is real.

Largest holder
76.1806 % (shortened; full value 76.18063822332721501580344659 %)
Top ten holders
90.1830 % (shortened; full value 90.18307908733653685448273085 %)
Concentration index
5,876.97 (shortened; full value 5876.9783631561476339100284345013071696054933634363794834)

Herfindahl–Hirschman, over the holder distribution

Volume excluded as not genuine
not computed

the newest trade reading is anchored more than 48h0m0s ago, so it was not used

Volume to supply, 30 day
not computed

the newest trade reading is anchored more than 48h0m0s ago, so it was not used

Last genuine trade
not computed

the newest trade reading is anchored more than 48h0m0s ago, so it was not used