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keel
Ledger
64,750,156
Methodology
1.0.8-draft
Age
4s

TREAD against USDC — what depth stands behind this price?

All assets

TREAD / USDC

GANM…6VLM

Risk band

High

partial confidence

A floor: the real band can only be worse.

Max safe collateral
3.42 USDC (shortened; full value 3.422218626213694132112990536695294759426335256984 USDC)Limited by liquidation depth
Depth within 5%
buy3.31 USDC (shortened; full value 3.313592283350359464738858101 USDC)sell3.37 USDC (shortened; full value 3.377166016282080270062619546194700768103524882852 USDC)
Cost to move +50%
Not reachableThe order book cannot reach the target
Checks
3 triggered5 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
1.29 USDC (shortened; full value 1.2980515510551750630112469543 USDC)
Highest
6.66 USDC (shortened; full value 6.6616588800662096585410805842 USDC)
2026-09-26T14:51:41Z — 2026-10-03T13:54:22ZOne scale across every line on this chart
2% from mid
1.33 USDC (shortened; full value 1.3351600454876794654248367801 USDC)
5% from mid
3.31 USDC (shortened; full value 3.313592283350359464738858101 USDC)
10% from mid
6.54 USDC (shortened; full value 6.5491848963243647039504453214 USDC)
168 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.
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
No genuine trade in 30 daysNO_GENUINE_TRADE_30D34 of 168
No genuine trade in 7 daysNO_GENUINE_TRADE_7D34 of 168

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.

Volume each side can absorb before the price moves 2, 5 or 10 per cent. Buy side bears on oracle manipulation, sell side on liquidation.

  • SDEX
  • AMM
  • Sell side, composition not reported

2% from mid

Buy side
1.33 USDC (shortened; full value 1.3351600454876794654248367801 USDC)
Sell side
1.34 USDC (shortened; full value 1.340500409768795066615050688645925287168865942 USDC)

5% from mid

Buy side
3.31 USDC (shortened; full value 3.313592283350359464738858101 USDC)
Sell side
3.37 USDC (shortened; full value 3.377166016282080270062619546194700768103524882852 USDC)

10% from mid

Buy side
6.54 USDC (shortened; full value 6.5491848963243647039504453214 USDC)
Sell side
6.84 USDC (shortened; full value 6.844437252427388264225981073390589518852670513968 USDC)

Bars share one scale. The venue split decomposes the buy side; the sell side is drawn as an outline because its composition is not reported.