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keel
Ledger
64,752,847
Methodology
1.0.8-draft
Age
6s

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 25.3273325942410514146638975 USDC)Limited by manipulation cost
Depth within 5%
buy8.93 USDC (shortened; full value 8.9370676722214873149531459021 USDC)sell134.00 USDC (shortened; full value 134.0086282471217569972119143933923705179448761622 USDC)
Cost to move +50%
101.30 USDC (shortened; full value 101.30933037696420565865559 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.

Lower at the end of the window than at its start

Lowest
3.76 USDC (shortened; full value 3.7695469877063489056460449474 USDC)
Highest
16.41 USDC (shortened; full value 16.4155406854388318741847767841 USDC)
2026-10-02T23:53:37Z — 2026-10-03T17:38:37ZOne scale across every line on this chart
2% from mid
3.76 USDC (shortened; full value 3.7695469877063489056460449474 USDC)
5% from mid
8.92 USDC (shortened; full value 8.9291892382736292610626761739 USDC)
10% from mid
16.15 USDC (shortened; full value 16.1505039588518266915476943581 USDC)
2 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

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.