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keel
Ledger
64,751,949
Methodology
1.0.8-draft
Age
4s

GQX against USDC — what depth stands behind this price?

All assets

GQX / USDC

GD7T…DAQF

Risk band

High

partial confidence

A floor: the real band can only be worse.

Max safe collateral
23.65 USDC (shortened; full value 23.65055086371288274748540700578928317971344263883 USDC)Limited by liquidation depth
Depth within 5%
buy22.89 USDC (shortened; full value 22.8998409670330830205508156526 USDC)sell23.33 USDC (shortened; full value 23.339203851138224279366134021395120884365344341365 USDC)
Cost to move +50%
Not reachableThe order book cannot reach the target
Checks
5 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
9.22 USDC (shortened; full value 9.2236115788902545825345885724 USDC)
Highest
45.26 USDC (shortened; full value 45.2606355172591127599273118656 USDC)
2026-10-02T23:53:47Z — 2026-10-03T16:23:47ZOne scale across every line on this chart
2% from mid
9.22 USDC (shortened; full value 9.2271317931397125622785935766 USDC)
5% from mid
22.89 USDC (shortened; full value 22.8998409670330830205508156526 USDC)
10% from mid
45.26 USDC (shortened; full value 45.2606355172591127599273118656 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.
Price sources disagreenowPRICE_SOURCE_CONFLICTthroughout
Extreme spreadnowSPREAD_EXTREMEthroughout
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREMEthroughout
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 ceiling is the lower of two independent limits. Which one binds is the part a lender acts on, so both are shown.

23.65 USDC (shortened; full value 23.65055086371288274748540700578928317971344263883 USDC)

Limited by liquidation depth

Liquidation termbinds
23.65 USDC (shortened; full value 23.65055086371288274748540700578928317971344263883 USDC)

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

Manipulation term
not applicable

Not applied: the critical target is not reachable through the order book.