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keel
Ledger
65,294,426
Methodology
1.0.8-draft
Age
12s

XAU against USDC — what depth stands behind this price?

All assets

XAU / USDC

GBCB…LXAU

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
12.60 USDC (shortened; full value 12.601617150002128430125 USDC)Limited by manipulation cost
Depth within 5%
buy40.69 USDC (shortened; full value 40.699572970070773743736383729 USDC)sell0 USDC
Cost to move +50%
50.40 USDC (shortened; full value 50.4064686000085137205 USDC)Reachable through the order book
Checks
3 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
5.44 USDC (shortened; full value 5.4406898963767407506532614629 USDC)
Highest
101.98 USDC (shortened; full value 101.9880913647358796361361433533 USDC)
2026-10-28T23:54:33Z — 2026-11-04T01:54:34ZOne scale across every line on this chart
2% from mid
5.44 USDC (shortened; full value 5.4406898963767407506532614629 USDC)
5% from mid
13.50 USDC (shortened; full value 13.5026719213659956305404721342 USDC)
10% from mid
26.68 USDC (shortened; full value 26.6875002853460744061793056853 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
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Nothing tradable within 2%nowZERO_DEPTH_2PCT7 of 8
Price sources disagreePRICE_SOURCE_CONFLICT1 of 8
Extreme spreadSPREAD_EXTREME1 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.

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

Largest holder
21.2122 % (shortened; full value 21.21227945723151678372441434 %)
Top ten holders
68.9763 % (shortened; full value 68.97638611718551430690642964 %)
Concentration index
893.91 (shortened; full value 893.9146953247589747256465556617789296272567820424498822)

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