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keel
Ledger
64,753,574
Methodology
1.0.8-draft
Age
6s

SHX against USDC — what depth stands behind this price?

All assets

SHX / USDC

GDST…J6JH

Risk band

High

partial confidence

A floor: the real band can only be worse.

Max safe collateral
711.46 USDC (shortened; full value 711.466597011287051827421605487040307464571468022 USDC)Limited by liquidation depth
Depth within 5%
buy2,974.78 USDC (shortened; full value 2974.7815319501079531969603357699 USDC)sell429.91 USDC (shortened; full value 429.919189179170508674994354703427452026666776701 USDC)
Cost to reach the critical move
The engine sent no critical rung
Checks
2 triggered3 not evaluated

History

Window
Resolution
Source

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
89.55 USDC (shortened; full value 89.5511874705241700778911024366 USDC)
Highest
6,241.42 USDC (shortened; full value 6241.4202036599776111120802492955 USDC)
2026-10-02T23:54:12Z — 2026-10-03T18:39:12ZOne scale across every line on this chart
2% from mid
1,111.93 USDC (shortened; full value 1111.9373929619486983054274218442 USDC)
5% from mid
2,954.71 USDC (shortened; full value 2954.7187449137223270378818424526 USDC)
10% from mid
6,241.42 USDC (shortened; full value 6241.4202036599776111120802492955 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 next to real tradingnowMANIPULATION_RATIO_LOWthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout

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.

711.46 USDC (shortened; full value 711.466597011287051827421605487040307464571468022 USDC)

Limited by liquidation depth

Liquidation termbinds
711.46 USDC (shortened; full value 711.466597011287051827421605487040307464571468022 USDC)

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

Manipulation term
4,828.70 USDC (shortened; full value 4828.7081319295922936881882075 USDC)

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