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keel
Ledger
65,279,655
Methodology
1.0.8-draft
Age
7s

ETH against USDC — what depth stands behind this price?

All assets

ETH / USDC

GBFX…SOCC

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
28.70 USDC (shortened; full value 28.706467979490491445300892158834741902189077244814 USDC)Limited by liquidation depth
Depth within 5%
buy27.79 USDC (shortened; full value 27.7952817071553712242630292507 USDC)sell28.32 USDC (shortened; full value 28.328554863569769782096246234236759213716045983717 USDC)
Cost to move +50%
5,212.04 USDC (shortened; full value 5212.0475955 USDC)Reachable through the order book
Checks
6 triggered3 not evaluated

Collateral ceiling

The most this asset could back at each reading: the lower of the liquidation and manipulation limits.

Higher at the end of the window than at its start

Lowest
2.85 USDC (shortened; full value 2.854800177740645761167159874177591922472361822049 USDC)
Highest
28.74 USDC (shortened; full value 28.741058169501065815233061304027899553675635274154 USDC)
2026-10-27T23:53:33Z — 2026-11-03T05:23:34Z
Max safe collateral
28.70 USDC (shortened; full value 28.706467979490491445300892158834741902189077244814 USDC)
8 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
Extreme spreadnowSPREAD_EXTREMEthroughout
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
Price sources disagreenowPRICE_SOURCE_CONFLICT4 of 8
Nothing tradable within 2%ZERO_DEPTH_2PCT4 of 8

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.