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keel
Ledger
64,751,954
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
856.45 USDC (shortened; full value 856.457665720372574753944660761650147953855318140713 USDC)Limited by liquidation depth
Depth within 5%
buy1,133.56 USDC (shortened; full value 1133.5629981529279732103965315939 USDC)sell768.97 USDC (shortened; full value 768.97739812424035178191335701777266031641330931052 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.

Lower at the end of the window than at its start

Lowest
0 USDC
Highest
17,207.81 USDC (shortened; full value 17207.8146312449496793431306051808 USDC)
2026-09-11T17:48:12Z — 2026-10-02T10:39:12ZOne scale across every line on this chart
2% from mid
706.46 USDC (shortened; full value 706.4601860097198030128522799515 USDC)
5% from mid
1,181.81 USDC (shortened; full value 1181.8147210691623640855828995023 USDC)
10% from mid
2,320.61 USDC (shortened; full value 2320.6132991246101589514047625266 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
Cheap next to real tradingnowMANIPULATION_RATIO_LOW144 of 498
Cheap to move the priceMANIPULATION_CHEAP493 of 498
Nothing tradable within 2%ZERO_DEPTH_2PCT218 of 498
Extreme spreadSPREAD_EXTREME2 of 498
Price sources disagreePRICE_SOURCE_CONFLICT1 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 ceiling is the lower of two independent limits. Which one binds is the part a lender acts on, so both are shown.

856.45 USDC (shortened; full value 856.457665720372574753944660761650147953855318140713 USDC)

Limited by liquidation depth

Liquidation termbinds
856.45 USDC (shortened; full value 856.457665720372574753944660761650147953855318140713 USDC)

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

Manipulation term
4,836.65 USDC (shortened; full value 4836.65139797978712998280389 USDC)

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