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keel
Ledger
64,751,778
Methodology
1.0.8-draft
Age
8s

VAQM against USDC — what depth stands behind this price?

All assets

VAQM / USDC

GC2B…BVCD

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
9.12 USDC (shortened; full value 9.124639347539622519297200625672027644041373697258 USDC)Limited by liquidation depth
Depth within 5%
buy8.83 USDC (shortened; full value 8.8350096334477615745949125359 USDC)sell9.00 USDC (shortened; full value 9.004515865614044178256642037810284317568894845199 USDC)
Cost to move +50%
764.76 USDC (shortened; full value 764.76460592322 USDC)Reachable through the order book
Checks
7 triggered3 not evaluated

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
3.54 USDC (shortened; full value 3.5440325639117472518233083649 USDC)
Highest
782.40 USDC (shortened; full value 782.4086799260682377741580517843 USDC)
2026-10-02T16:54:32Z — 2026-10-03T16:09:32ZOne scale across every line on this chart
2% from mid
3.56 USDC (shortened; full value 3.5601383633719871979258520933 USDC)
5% from mid
8.83 USDC (shortened; full value 8.8355302784843955736055234955 USDC)
10% from mid
782.22 USDC (shortened; full value 782.2276842088680525744029534731 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.
Cheap to move the pricenowMANIPULATION_CHEAPthroughout
Cheap next to real tradingnowMANIPULATION_RATIO_LOWthroughout
Price sources disagreenowPRICE_SOURCE_CONFLICTthroughout
Extreme spreadnowSPREAD_EXTREMEthroughout
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout

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 engine answers only for ledgers a replay has stored, and says so when it has not. A stored past reading is rebuilt from the operation stream, so it carries its own gaps.