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keel
Ledger
65,278,757
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
23.91 USDC (shortened; full value 23.910212315159476868306211648967625255431199295204 USDC)Limited by liquidation depth
Depth within 5%
buy9.49 USDC (shortened; full value 9.4942265419772426402706346652 USDC)sell5.55 USDC (shortened; full value 5.553072266718571535568610533243866499946227941776 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

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 USDC
Highest
146.63 USDC (shortened; full value 146.6338958985074834993044802714 USDC)
2026-10-04T04:53:42Z — 2026-10-25T00:09:18ZOne scale across every line on this chart
2% from mid
4.77 USDC (shortened; full value 4.7710219077731603110718100062 USDC)
5% from mid
12.11 USDC (shortened; full value 12.1169183763053702528829670137 USDC)
10% from mid
128.78 USDC (shortened; full value 128.7814107419865975634356989135 USDC)
501 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_2PCT125 of 501

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.

23.91 USDC (shortened; full value 23.910212315159476868306211648967625255431199295204 USDC)

Limited by liquidation depth

Liquidation termbinds
23.91 USDC (shortened; full value 23.910212315159476868306211648967625255431199295204 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.