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keel
Ledger
65,279,657
Methodology
1.0.8-draft
Age
4s

GOLD against USDC — what depth stands behind this price?

All assets

GOLD / USDC

GBC5…GOLD

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
23.92 USDC (shortened; full value 23.927562576348641082859180325562523827562928779392 USDC)Limited by liquidation depth
Depth within 5%
buy9.45 USDC (shortened; full value 9.4593209151365611920784279987 USDC)sell5.58 USDC (shortened; full value 5.587771415910553316163015617558943038597440667392 USDC)
Cost to move +50%
7,097.33 USDC (shortened; full value 7097.330679612715 USDC)Reachable through the order book
Checks
5 triggered3 not evaluated

History

Window
Resolution
Source

Collateral ceiling

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

Lower at the end of the window than at its start

Lowest
23.92 USDC (shortened; full value 23.927562576348641082859180325562523827562928779392 USDC)
Highest
363.01 USDC (shortened; full value 363.0145328981008188315105756062345364833736498700795 USDC)
2026-10-27T23:53:43Z — 2026-11-03T05:23:44Z
Max safe collateral
23.92 USDC (shortened; full value 23.927562576348641082859180325562523827562928779392 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
Cheap next to real tradingnowMANIPULATION_RATIO_LOWthroughout
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
Nothing tradable within 2%ZERO_DEPTH_2PCT1 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 ceiling is the lower of two independent limits. Which one binds is the part a lender acts on, so both are shown.

23.92 USDC (shortened; full value 23.927562576348641082859180325562523827562928779392 USDC)

Limited by liquidation depth

Liquidation termbinds
23.92 USDC (shortened; full value 23.927562576348641082859180325562523827562928779392 USDC)

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

Manipulation term
1,774.33 USDC (shortened; full value 1774.33266990317875 USDC)

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