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keel
Ledger
65,277,316
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
2,429.54 USDC (shortened; full value 2429.545154008261160727499966063154306005024010591732 USDC)Limited by liquidation depth
Depth within 5%
buy5,545.78 USDC (shortened; full value 5545.7809906255504253375048341458 USDC)sell4,855.01 USDC (shortened; full value 4855.015596361230514742300821049713488174654526715752 USDC)
Cost to move +50%
133,870.37 USDC (shortened; full value 133870.37098314673945101188057 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
701.02 USDC (shortened; full value 701.0279438974260822465819239304 USDC)
Highest
6,950.26 USDC (shortened; full value 6950.2662588461593708224254671965 USDC)
2026-10-27T23:53:38Z — 2026-11-03T02:08:39ZOne scale across every line on this chart
2% from mid
1,007.54 USDC (shortened; full value 1007.5460452316746496911948083232 USDC)
5% from mid
5,551.67 USDC (shortened; full value 5551.6721678552210166555112283645 USDC)
10% from mid
5,555.47 USDC (shortened; full value 5555.4746118733060162508613491495 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.
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.

2,429.54 USDC (shortened; full value 2429.545154008261160727499966063154306005024010591732 USDC)

Limited by liquidation depth

Liquidation termbinds
2,429.54 USDC (shortened; full value 2429.545154008261160727499966063154306005024010591732 USDC)

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

Manipulation term
33,467.59 USDC (shortened; full value 33467.5927457866848627529701425 USDC)

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