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keel
Ledger
65,277,323
Methodology
1.0.8-draft
Age
2s

SHX against USDC — what depth stands behind this price?

All assets

SHX / USDC

GDST…J6JH

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
520.20 USDC (shortened; full value 520.205259258955027844628958721109978937983478881829 USDC)Limited by liquidation depth
Depth within 5%
buy914.22 USDC (shortened; full value 914.2261464456492118607500647889 USDC)sell0 USDC
Cost to move +50%
2,937.61 USDC (shortened; full value 2937.61813880340166386535404 USDC)Reachable through the order book
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
204.18 USDC (shortened; full value 204.187139919033417859605060775 USDC)
Highest
2,660.96 USDC (shortened; full value 2660.9600073312538917227416043707 USDC)
2026-10-27T23:54:13Z — 2026-11-03T02:09:14ZOne scale across every line on this chart
2% from mid
625.14 USDC (shortened; full value 625.1431699901974712724617861224 USDC)
5% from mid
888.76 USDC (shortened; full value 888.7634090599036430173564281317 USDC)
10% from mid
1,320.13 USDC (shortened; full value 1320.137641622453177681154118768 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
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Nothing tradable within 2%nowZERO_DEPTH_2PCT5 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.

520.20 USDC (shortened; full value 520.205259258955027844628958721109978937983478881829 USDC)

Limited by liquidation depth

Liquidation termbinds
520.20 USDC (shortened; full value 520.205259258955027844628958721109978937983478881829 USDC)

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

Manipulation term
734.40 USDC (shortened; full value 734.40453470085041596633851 USDC)

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