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keel
Ledger
64,751,597
Methodology
1.0.8-draft
Age
9s

USTRY against USDC — what depth stands behind this price?

All assets

USTRY / USDC

GCRY…MYWC

Risk band

High

partial confidence

A floor: the real band can only be worse.

Max safe collateral
68,698.38 USDC (shortened; full value 68698.389316465376052373702385 USDC)Limited by manipulation cost
Depth within 5%
buy274,695.10 USDC (shortened; full value 274695.1027050203275251991669010297 USDC)sell276,023.79 USDC (shortened; full value 276023.790190305709948445487515347267710164561804507199 USDC)
Cost to move +50%
274,793.55 USDC (shortened; full value 274793.55726586150420949480954 USDC)Reachable through the order book
Checks
2 triggered3 not evaluated

History

Source

Every stored reading from this source, whenever it was taken

A reconstruction is written where a replay ran rather than on the scan's cadence, so there is no window to choose: the engine returns the readings it holds and the axis below is labelled from them.

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
0.16 USDC (shortened; full value 0.1630695103854114496895076595 USDC)
Highest
227,480.47 USDC (shortened; full value 227480.4735964419587679990607801518 USDC)
2026-02-22T00:01:24Z — 2026-02-22T00:10:21ZOne scale across every line on this chart
2% from mid
0.16 USDC (shortened; full value 0.1630695103854114496895076595 USDC)
5% from mid
0.40 USDC (shortened; full value 0.4047049438672008726601091829 USDC)
10% from mid
0.79 USDC (shortened; full value 0.7998834132855279406733710749 USDC)
3 readings from offers-implied, 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_EXTREME0 of 3
Supply is concentratednowHOLDER_CONCENTRATION_HIGH0 of 3
Cheap to move the priceMANIPULATION_CHEAP2 of 3
Price sources disagreePRICE_SOURCE_CONFLICT2 of 3
Extreme spreadSPREAD_EXTREME2 of 3
Thin depth at 5%THIN_DEPTH_5PCT2 of 3

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.

68,698.38 USDC (shortened; full value 68698.389316465376052373702385 USDC)

Limited by manipulation cost

Liquidation term
138,012.11 USDC (shortened; full value 138012.110274703129085605769007876515814971639717050641 USDC)

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

Manipulation termbinds
68,698.38 USDC (shortened; full value 68698.389316465376052373702385 USDC)

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