Retained incident replay

SPCX liquidity is low relative to open interest

What happened

Two-sided depth within 1% is 2.19% of open interest.

Why it matters

This deterministic condition affected xyz:SPCX on xyz. It is evidence to review, not proof that a loss or manipulation occurred.

Lifecycle

• Status active; severity warning
• Detected 2026-07-21T14:49:36.277Z
• Current cycle 2026-09-22T04:27:53.943Z

Recommended action

Compare the current oracle, mark, liquidity, funding, exposure, coverage, and freshness before changing a position or operating decision.

Open xyz:SPCX market evidence

{
  "depth100BpsUsd": 2867668.9154,
  "openInterestNotionalUsd": 130851160.29720004,
  "adequacyPercent": 2.191550238367556,
  "thresholdPercent": 5
}