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keel
Ledger
64,751,047
Methodology
1.0.8-draft
Age
6s

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
54.81 USDC (shortened; full value 54.8147756834256807906562837470989138350713876962575 USDC)Limited by liquidation depth
Depth within 5%
buy0 USDCsell79.15 USDC (shortened; full value 79.158610387207894446709604833739915805211800448603 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
6,233.97 USDC (shortened; full value 6233.9787744 USDC)
Highest
10,240.30 USDC (shortened; full value 10240.3018251 USDC)
2026-09-26T23:50:56Z — 2026-10-03T15:08:37Z
Cost to move +50%
9,188.91 USDC (shortened; full value 9188.9195771 USDC)
8 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.
Nothing tradable within 2%nowZERO_DEPTH_2PCTthroughout
Extreme spreadnowSPREAD_EXTREMEthroughout
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
Cheap to move the pricenowMANIPULATION_CHEAP6 of 8
No genuine trade in 7 daysNO_GENUINE_TRADE_7D2 of 8

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
61.26 USDC (shortened; full value 61.260063297961578321576920966747542274800956269766 USDC)

5% from mid

Buy side
0 USDC
Sell side
79.15 USDC (shortened; full value 79.158610387207894446709604833739915805211800448603 USDC)

10% from mid

Buy side
7.77 USDC (shortened; full value 7.7775500406532504068938568474 USDC)
Sell side
109.62 USDC (shortened; full value 109.629551366851361581312567494197827670142775392515 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.