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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.

Higher at the end of the window than at its start

Lowest
0 USDC
Highest
5,752.03 USDC (shortened; full value 5752.0378246730437486886021341282 USDC)
2026-09-26T23:51:31Z — 2026-10-03T16:24:12ZOne scale across every line on this chart
2% from mid
46.65 USDC (shortened; full value 46.6545363852616152270484196793 USDC)
5% from mid
1,133.56 USDC (shortened; full value 1133.5629986530825877603358215939 USDC)
10% from mid
5,752.03 USDC (shortened; full value 5752.0378246730437486886021341282 USDC)
8 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
Cheap to move the priceMANIPULATION_CHEAP5 of 8
Nothing tradable within 2%ZERO_DEPTH_2PCT3 of 8

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.