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keel
Ledger
65,295,137
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
59.23 USDC (shortened; full value 59.23405648856804932690905071347159127863717694769 USDC)Limited by liquidation depth
Depth within 5%
buy10.24 USDC (shortened; full value 10.2456781701267466682838831244 USDC)sell17.74 USDC (shortened; full value 17.747257227555340554272529367757331832877911287695 USDC)
Cost to move +50%
Not reachableThe order book cannot reach the target
Checks
4 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
4.14 USDC (shortened; full value 4.1462209941791391790262256646 USDC)
Highest
67.78 USDC (shortened; full value 67.7805440160845821123713183707 USDC)
2026-11-03T23:53:44Z — 2026-11-04T02:53:44ZOne scale across every line on this chart
2% from mid
4.14 USDC (shortened; full value 4.1462209941791391790262256646 USDC)
5% from mid
10.29 USDC (shortened; full value 10.2900666761331949950699075274 USDC)
10% from mid
20.33 USDC (shortened; full value 20.3379123002311140732319565491 USDC)
2 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
Price sources disagreenowPRICE_SOURCE_CONFLICT1 of 2
Extreme spreadnowSPREAD_EXTREME1 of 2
Nothing tradable within 2%ZERO_DEPTH_2PCT1 of 2

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.

An averaging oracle makes an attacker outweigh genuine trading as well as move the book. A market with no genuine volume has no such defence.

Cost of a 50% move, order book only
50.39 USDC (shortened; full value 50.3991307999966030891 USDC)

NOT reachable through the order book: this is the cost of exhausting the book, not of reaching the target

Genuine volume in the oracle window
2.71 USDC (shortened; full value 2.7169643 USDC)

Over the last 900 seconds (15 minutes), after the genuine-trade filter

Cost against genuine volume
not computed

Below 1, moving the price is cheaper than all genuine trading across the window. Not computed when there was no genuine volume or the target is unreachable

Total attack cost
not computed

The move, plus the genuine volume an averaging oracle forces an attacker to outweigh