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keel
Ledger
64,751,047
Methodology
1.0.8-draft
Age
7s

EURC against USDC — what depth stands behind this price?

All assets

EURC / USDC

GAQR…Z7NM

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
25.32 USDC (shortened; full value 25.3273311402418514146638975 USDC)Limited by manipulation cost
Depth within 5%
buy8.90 USDC (shortened; full value 8.906830858928211498017386914 USDC)sell134.03 USDC (shortened; full value 134.038679974623242831160043953853887074992167520014 USDC)
Cost to move +50%
101.30 USDC (shortened; full value 101.30932456096740565865559 USDC)Reachable through the order book
Checks
3 triggered3 not evaluated

Buy-side depth

What an order can absorb before the price moves against a buyer. The rungs are nested, so one scale covers all three.

Higher at the end of the window than at its start

Lowest
0 USDC
Highest
16.81 USDC (shortened; full value 16.8188483743018516090420961318 USDC)
2026-09-26T15:50:56Z — 2026-10-03T15:08:37ZOne scale across every line on this chart
2% from mid
3.78 USDC (shortened; full value 3.7826577204922060507865942864 USDC)
5% from mid
8.94 USDC (shortened; full value 8.9422981875211993153587140618 USDC)
10% from mid
16.16 USDC (shortened; full value 16.1636099912427077840305894755 USDC)
169 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.
Cheap to move the pricenowMANIPULATION_CHEAPthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
Nothing tradable within 2%ZERO_DEPTH_2PCT9 of 169

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.

The engine answers only for ledgers a replay has stored, and says so when it has not. A stored past reading is rebuilt from the operation stream, so it carries its own gaps.