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keel
Ledger
65,276,596
Methodology
1.0.8-draft
Age
5s

EURMTL against USDC — what depth stands behind this price?

All assets

EURMTL / USDC

GACK…UK7V

Risk band

Medium

partial confidence

A floor: the real band can only be worse.

Max safe collateral
2,429.53 USDC (shortened; full value 2429.532164224126009695384412161090704994532205461112 USDC)Limited by liquidation depth
Depth within 5%
buy5,551.71 USDC (shortened; full value 5551.7154115285568370835452726916 USDC)sell4,854.98 USDC (shortened; full value 4854.989619146821502311534333465127104095344425385854 USDC)
Cost to move +50%
133,876.27 USDC (shortened; full value 133876.27927482389017101188057 USDC)Reachable through the order book
Checks
1 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.

Higher at the end of the window than at its start

Lowest
700.99 USDC (shortened; full value 700.9902292043576553330271070051 USDC)
Highest
5,556.53 USDC (shortened; full value 5556.531304052565381664216877553 USDC)
2026-11-02T01:53:39Z — 2026-11-03T01:08:39ZOne scale across every line on this chart
2% from mid
1,007.58 USDC (shortened; full value 1007.589289867049963605766805178 USDC)
5% from mid
5,551.71 USDC (shortened; full value 5551.7154115285568370835452726916 USDC)
10% from mid
5,555.51 USDC (shortened; full value 5555.5178539732910698732301715791 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.
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.

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

2,429.53 USDC (shortened; full value 2429.532164224126009695384412161090704994532205461112 USDC)

Limited by liquidation depth

Liquidation termbinds
2,429.53 USDC (shortened; full value 2429.532164224126009695384412161090704994532205461112 USDC)

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

Manipulation term
33,469.06 USDC (shortened; full value 33469.0698187059725427529701425 USDC)

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