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keel
Ledger
64,751,956
Methodology
1.0.8-draft
Age
5s

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
3.41 USDC (shortened; full value 3.41169482420568389936231152577277231323893542363 USDC)Limited by liquidation depth
Depth within 5%
buy3.30 USDC (shortened; full value 3.3034025225740787055853072521 USDC)sell3.36 USDC (shortened; full value 3.366780757365160914295157644971437074892584625765 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.

Lower at the end of the window than at its start

Lowest
1.32 USDC (shortened; full value 1.322978584064478433435045185 USDC)
Highest
6.62 USDC (shortened; full value 6.6240853391876738366685943589 USDC)
2026-10-02T16:54:22Z — 2026-10-03T16:24:22ZOne scale across every line on this chart
2% from mid
1.33 USDC (shortened; full value 1.3310542411828083573538455539 USDC)
5% from mid
3.30 USDC (shortened; full value 3.3034025225740787055853072521 USDC)
10% from mid
6.52 USDC (shortened; full value 6.5290452346923363737553167345 USDC)
25 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

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.

The ceiling is the lower of two independent limits. Which one binds is the part a lender acts on, so both are shown.

3.41 USDC (shortened; full value 3.41169482420568389936231152577277231323893542363 USDC)

Limited by liquidation depth

Liquidation termbinds
3.41 USDC (shortened; full value 3.41169482420568389936231152577277231323893542363 USDC)

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

Manipulation term
not applicable

Not applied: the critical target is not reachable through the order book.