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keel
Ledger
64,752,674
Methodology
1.0.8-draft
Age
5s

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
863.04 USDC (shortened; full value 863.04220319227661131194904119744215926909252540208 USDC)Limited by liquidation depth
Depth within 5%
buy5,271.49 USDC (shortened; full value 5271.4954587359893800292316186113 USDC)sell732.61 USDC (shortened; full value 732.6131943347318320219182111168089251225225745932 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
2,677.84 USDC (shortened; full value 2677.8442904648931895387927940735 USDC)
2026-09-11T23:48:11Z — 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)
22 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_LOW7 of 22
Cheap to move the priceMANIPULATION_CHEAP21 of 22
Nothing tradable within 2%ZERO_DEPTH_2PCT9 of 22

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.

863.04 USDC (shortened; full value 863.04220319227661131194904119744215926909252540208 USDC)

Limited by liquidation depth

Liquidation termbinds
863.04 USDC (shortened; full value 863.04220319227661131194904119744215926909252540208 USDC)

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

Manipulation term
4,844.15 USDC (shortened; full value 4844.15139732968270946904244 USDC)

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