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keel
Ledger
65,277,324
Methodology
1.0.8-draft
Age
6s

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
2.98 USDC (shortened; full value 2.986429670183966491881855461469873903923322853092 USDC)Limited by liquidation depth
Depth within 5%
buy2.89 USDC (shortened; full value 2.8916359212382548788045900564 USDC)sell2.94 USDC (shortened; full value 2.947114107470237350324342530410117348697348412726 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
1.21 USDC (shortened; full value 1.2191598072113501518125539907 USDC)
Highest
6.60 USDC (shortened; full value 6.6044682700255018091152153888 USDC)
2026-10-04T23:54:22Z — 2026-10-24T22:09:18ZOne scale across every line on this chart
2% from mid
1.21 USDC (shortened; full value 1.2191598072113501518125539907 USDC)
5% from mid
3.02 USDC (shortened; full value 3.0257035798812181248070286998 USDC)
10% from mid
5.98 USDC (shortened; full value 5.9801841903364369137238100055 USDC)
21 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 1.165139346664170964975503537 USDC)
Sell side
1.16 USDC (shortened; full value 1.169799663283498025426483413114068394626731521 USDC)

5% from mid

Buy side
2.89 USDC (shortened; full value 2.8916359212382548788045900564 USDC)
Sell side
2.94 USDC (shortened; full value 2.947114107470237350324342530410117348697348412726 USDC)

10% from mid

Buy side
5.71 USDC (shortened; full value 5.7152047330019065680153610766 USDC)
Sell side
5.97 USDC (shortened; full value 5.972859340367932983763710922939747807846645706184 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.