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keel
Ledger
64,754,289
Methodology
1.0.8-draft
Age
6s

GZC against USDC — what depth stands behind this price?

All assets

GZC / USDC

GCGZ…IGZC

Risk band

Medium

partial confidence

A floor: the real band can only be worse.

Max safe collateral
73.02 USDC (shortened; full value 73.02718409399335830780438717293798055974027481285 USDC)Limited by liquidation depth
Depth within 5%
buy70.70 USDC (shortened; full value 70.7091919362232950658161765458 USDC)sell72.06 USDC (shortened; full value 72.065800383966938455291631581753313787800326951675 USDC)
Cost to move +50%
Not reachableThe order book cannot reach the target
Checks
2 triggered5 not evaluated

Price

The midpoint the engine read at each scan. It says what the market quotes, not what it can absorb.

Lower at the end of the window than at its start

Lowest
14.89239936 USDC (shortened; full value 14.8923993629882321 USDC)
Highest
16.24906865 USDC (shortened; full value 16.2490686575235449 USDC)
2026-09-11T17:48:01Z — 2026-10-02T10:38:47Z
Mid price
15.20230492 USDC (shortened; full value 15.2023049218392107 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.
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGH480 of 498
No genuine trade in 30 daysNO_GENUINE_TRADE_30D197 of 498
No genuine trade in 7 daysNO_GENUINE_TRADE_7D197 of 498

Not evaluated5

  • Price sources disagree
  • Extreme spread
  • 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.

73.02 USDC (shortened; full value 73.02718409399335830780438717293798055974027481285 USDC)

Limited by liquidation depth

Liquidation termbinds
73.02 USDC (shortened; full value 73.02718409399335830780438717293798055974027481285 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.