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keel
Ledger
65,274,264
Methodology
1.0.8-draft
Age
7s

TREAD against USDC — what depth stands behind this price?

All assets

TREAD / USDC

GANM…6VLM

Risk band

High

partial confidence

A floor: the real band can only be worse.

Max safe collateral
2.99 USDC (shortened; full value 2.992614371998805768659985627080780217835010194936 USDC)Limited by liquidation depth
Depth within 5%
buy2.89 USDC (shortened; full value 2.8976243113578973131875530447 USDC)sell2.95 USDC (shortened; full value 2.953217389309078314215383460941089956129110169908 USDC)
Cost to move +50%
Not reachableThe order book cannot reach the target
Checks
3 triggered5 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
1.16 USDC (shortened; full value 1.1675522745505359064055197543 USDC)
Highest
6.00 USDC (shortened; full value 6.000965514529113364607421021 USDC)
2026-10-26T22:54:18Z — 2026-11-02T21:54:19ZOne scale across every line on this chart
2% from mid
1.16 USDC (shortened; full value 1.1675522745505359064055197543 USDC)
5% from mid
2.89 USDC (shortened; full value 2.8976243113578973131875530447 USDC)
10% from mid
5.72 USDC (shortened; full value 5.7270405506798757002918167956 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.
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout

Not evaluated5

  • Price sources disagree
  • Extreme spread
  • 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.

Volume each side can absorb before the price moves 2, 5 or 10 per cent. Buy side bears on oracle manipulation, sell side on liquidation.

  • SDEX
  • AMM
  • Sell side, composition not reported

2% from mid

Buy side
1.16 USDC (shortened; full value 1.1675522745505359064055197543 USDC)
Sell side
1.17 USDC (shortened; full value 1.172222242382794929929972008645487505769553518 USDC)

5% from mid

Buy side
2.89 USDC (shortened; full value 2.8976243113578973131875530447 USDC)
Sell side
2.95 USDC (shortened; full value 2.953217389309078314215383460941089956129110169908 USDC)

10% from mid

Buy side
5.72 USDC (shortened; full value 5.7270405506798757002918167956 USDC)
Sell side
5.98 USDC (shortened; full value 5.985228743997611537319971254161560435670020389872 USDC)

Bars share one scale. The venue split decomposes the buy side; the sell side is drawn as an outline because its composition is not reported.