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keel
Ledger
64,751,947
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 25.3273317945414914146638975 USDC)Limited by manipulation cost
Depth within 5%
buy8.92 USDC (shortened; full value 8.9291892382736292610626761739 USDC)sell134.01 USDC (shortened; full value 134.016458887738900181525870032851771485783829494584 USDC)
Cost to move +50%
101.30 USDC (shortened; full value 101.30932717816596565865559 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
18.91 USDC (shortened; full value 18.9162803157102800294758920766 USDC)
2026-09-11T17:47:56Z — 2026-10-02T10:38:37ZOne scale across every line on this chart
2% from mid
1.62 USDC (shortened; full value 1.6274924124093298418969001969 USDC)
5% from mid
6.78 USDC (shortened; full value 6.7870241971172805503308642332 USDC)
10% from mid
14.00 USDC (shortened; full value 14.008158258226029101195525277 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.
Cheap to move the pricenowMANIPULATION_CHEAPthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGH145 of 498
Nothing tradable within 2%ZERO_DEPTH_2PCT252 of 498
Extreme spreadSPREAD_EXTREME181 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.

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.