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keel
Ledger
64,753,568
Methodology
1.0.8-draft
Age
7s

GOLD against USDC — what depth stands behind this price?

All assets

GOLD / USDC

GBC5…GOLD

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
76.01 USDC (shortened; full value 76.015853291089672919645187769234195662698818511639 USDC)Limited by liquidation depth
Depth within 5%
buy47.12 USDC (shortened; full value 47.1229420279437979676599602004 USDC)sell5.85 USDC (shortened; full value 5.853232340108713736044115545888318029076585861552 USDC)
Cost to move +50%
7,275.73 USDC (shortened; full value 7275.7360868534109 USDC)Reachable through the order book
Checks
5 triggered3 not evaluated

History

Window
Resolution
Source

Collateral ceiling

The most this asset could back at each reading: the lower of the liquidation and manipulation limits.

Lower at the end of the window than at its start

Lowest
7.43 USDC (shortened; full value 7.4367289703883717351230419759544932564579838587675 USDC)
Highest
106.34 USDC (shortened; full value 106.343332541062285367172478369136021032961342898582 USDC)
2026-09-26T23:51:01Z — 2026-10-03T18:38:42Z
Max safe collateral
76.01 USDC (shortened; full value 76.015853291089672919645187769234195662698818511639 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.
Cheap to move the pricenowMANIPULATION_CHEAPthroughout
Cheap next to real tradingnowMANIPULATION_RATIO_LOWthroughout
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
Nothing tradable within 2%ZERO_DEPTH_2PCT1 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.

The ceiling is the lower of two independent limits. Which one binds is the part a lender acts on, so both are shown.

76.01 USDC (shortened; full value 76.015853291089672919645187769234195662698818511639 USDC)

Limited by liquidation depth

Liquidation termbinds
76.01 USDC (shortened; full value 76.015853291089672919645187769234195662698818511639 USDC)

Sell-side depth at the liquidation delta, times the haircut.

Manipulation term
1,818.93 USDC (shortened; full value 1818.934021713352725 USDC)

Order-book-only manipulation cost at the critical delta, times the safety margin.