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keel
Ledger
64,751,059
Methodology
1.0.8-draft
Age
7s

XAU against USDC — what depth stands behind this price?

All assets

XAU / USDC

GBCB…LXAU

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
12.60 USDC (shortened; full value 12.6084616000026176606 USDC)Limited by manipulation cost
Depth within 5%
buy67.39 USDC (shortened; full value 67.3960758795952619228205914944 USDC)sell25.56 USDC (shortened; full value 25.568620382681687624998022278183508192328438462503 USDC)
Cost to move +50%
50.43 USDC (shortened; full value 50.4338464000104706424 USDC)Reachable through the order book
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
11.35 USDC (shortened; full value 11.3552931137615633831183559149 USDC)
Highest
85.65 USDC (shortened; full value 85.6588967106528648514478284945 USDC)
2026-09-26T15:51:51Z — 2026-10-03T15:09:47ZOne scale across every line on this chart
2% from mid
34.08 USDC (shortened; full value 34.0815564854373244204790134938 USDC)
5% from mid
67.47 USDC (shortened; full value 67.4706590203982234318709427611 USDC)
10% from mid
82.56 USDC (shortened; full value 82.561979727331112633248899317 USDC)
169 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
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout

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.

An averaging oracle makes an attacker outweigh genuine trading as well as move the book. A market with no genuine volume has no such defence.

Cost of a 50% move, order book only
50.43 USDC (shortened; full value 50.4338464000104706424 USDC)

The target is reachable through the order book

Genuine volume in the oracle window
0 USDC

Over the last 900 seconds (15 minutes), after the genuine-trade filter

Cost against genuine volume
not computed

Below 1, moving the price is cheaper than all genuine trading across the window. Not computed when there was no genuine volume or the target is unreachable

Total attack cost
50.43 USDC (shortened; full value 50.4338464000104706424 USDC)

The move, plus the genuine volume an averaging oracle forces an attacker to outweigh