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keel
Ledger
65,275,700
Methodology
1.0.8-draft
Age
8s

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
2,429.69 USDC (shortened; full value 2429.69875083473444927801155648508633452865528728811 USDC)Limited by liquidation depth
Depth within 5%
buy5,551.72 USDC (shortened; full value 5551.7217032537114309803752575697 USDC)sell4,855.32 USDC (shortened; full value 4855.322317318801076399734878654616082315719144742734 USDC)
Cost to move +50%
133,876.61 USDC (shortened; full value 133876.61935044248930753130457 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.

Lower at the end of the window than at its start

Lowest
0.96 USDC (shortened; full value 0.9695483772401935690026086162 USDC)
Highest
9,645.93 USDC (shortened; full value 9645.9375209328736082830621116389 USDC)
2026-10-04T00:53:42Z — 2026-10-24T19:53:38ZOne scale across every line on this chart
2% from mid
3,417.42 USDC (shortened; full value 3417.4263834438019493358705764383 USDC)
5% from mid
7,344.11 USDC (shortened; full value 7344.1167498284608650032340110949 USDC)
10% from mid
7,347.89 USDC (shortened; full value 7347.8947852027894867194226309028 USDC)
500 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.

2,429.69 USDC (shortened; full value 2429.69875083473444927801155648508633452865528728811 USDC)

Limited by liquidation depth

Liquidation termbinds
2,429.69 USDC (shortened; full value 2429.69875083473444927801155648508633452865528728811 USDC)

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

Manipulation term
33,469.15 USDC (shortened; full value 33469.1548376106223268828261425 USDC)

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