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keel
Ledger
65,293,697
Methodology
1.0.8-draft
Age
6s

GOLD against USDC — what depth stands behind this price?

All assets

GOLD / USDC

GBCB…LXAU

Risk band

High

partial confidence

A floor: the real band can only be worse.

Max safe collateral
59.92 USDC (shortened; full value 59.923803035371708966254776748932625246280645505316 USDC)Limited by liquidation depth
Depth within 5%
buy10.30 USDC (shortened; full value 10.3081880645248034006303448142 USDC)sell19.06 USDC (shortened; full value 19.061341320812828270002283230363599220486814427798 USDC)
Cost to move +50%
Not reachableThe order book cannot reach the target
Checks
4 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
4.15 USDC (shortened; full value 4.1535227234446287665503833977 USDC)
Highest
89.84 USDC (shortened; full value 89.8438171514242743771399521686 USDC)
2026-10-28T01:53:43Z — 2026-11-04T00:53:44ZOne scale across every line on this chart
2% from mid
4.15 USDC (shortened; full value 4.1535227234446287665503833977 USDC)
5% from mid
10.30 USDC (shortened; full value 10.3081880645248034006303448142 USDC)
10% from mid
20.37 USDC (shortened; full value 20.3737285120659485801834103645 USDC)
168 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
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
Extreme spreadnowSPREAD_EXTREME14 of 168
Price sources disagreenowPRICE_SOURCE_CONFLICT12 of 168
Nothing tradable within 2%ZERO_DEPTH_2PCT156 of 168

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.

Concentration and wash trading bound how much of the depth is real.

Largest holder
32.4590 % (shortened; full value 32.45904180506709820914876829 %)
Top ten holders
87.5476 % (shortened; full value 87.54763670071081463048882751 %)
Concentration index
2,024.48 (shortened; full value 2024.4802658792505221360794471553415097613587089598931602)

Herfindahl–Hirschman, over the holder distribution

Volume excluded as not genuine
not computed

the newest trade reading is anchored more than 48h0m0s ago, so it was not used

Volume to supply, 30 day
not computed

the newest trade reading is anchored more than 48h0m0s ago, so it was not used

Last genuine trade
not computed

the newest trade reading is anchored more than 48h0m0s ago, so it was not used