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keel
Ledger
64,750,147
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
54.77 USDC (shortened; full value 54.772973761297034760161507959846064881838297314338 USDC)Limited by liquidation depth
Depth within 5%
buy0 USDCsell79.07 USDC (shortened; full value 79.07509820442156436593448321292613167441958370962 USDC)
Cost to move +50%
9,188.91 USDC (shortened; full value 9188.9195771 USDC)Reachable through the order book
Checks
6 triggered3 not evaluated

History

Window
Resolution
Source

Cost to move the price 50%

The stored series carries one manipulation rung, the +50% move. A reading the engine could not produce breaks the line rather than sitting at zero.

Lower at the end of the window than at its start

Lowest
6,231.14 USDC (shortened; full value 6231.1490574 USDC)
Highest
18,765.34 USDC (shortened; full value 18765.3480671 USDC)
2026-09-26T14:50:56Z — 2026-10-03T13:53:37Z
Cost to move +50%
9,188.91 USDC (shortened; full value 9188.9195771 USDC)
168 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.
Extreme spreadnowSPREAD_EXTREMEthroughout
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
Nothing tradable within 2%nowZERO_DEPTH_2PCT163 of 168
Cheap to move the pricenowMANIPULATION_CHEAP108 of 168
No genuine trade in 7 daysNO_GENUINE_TRADE_7D28 of 168
Price sources disagreePRICE_SOURCE_CONFLICT5 of 168

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.

Volume each side can absorb before the price moves 2, 5 or 10 per cent. Buy side bears on oracle manipulation, sell side on liquidation.

  • SDEX
  • AMM
  • Sell side, composition not reported

2% from mid

Buy side
0 USDC
Sell side
61.17 USDC (shortened; full value 61.176604956871682184766903609675985479962413337324 USDC)

5% from mid

Buy side
0 USDC
Sell side
79.07 USDC (shortened; full value 79.07509820442156436593448321292613167441958370962 USDC)

10% from mid

Buy side
7.86 USDC (shortened; full value 7.8613026073376885597465957694 USDC)
Sell side
109.54 USDC (shortened; full value 109.545947522594069520323015919692129763676594628676 USDC)

Bars share one scale. The venue split decomposes the buy side; the sell side is drawn as an outline because its composition is not reported.