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keel
Ledger
65,274,974
Methodology
1.0.8-draft
Age
7s

BTC against USDC — what depth stands behind this price?

All assets

BTC / USDC

GDPJ…2MZM

Risk band

High

partial confidence

A floor: the real band can only be worse.

Max safe collateral
1,672.59 USDC (shortened; full value 1672.592578649794991525594295409441323769316906560382 USDC)Limited by liquidation depth
Depth within 5%
buy1,022.20 USDC (shortened; full value 1022.2030304392745875474217523715 USDC)sell1,761.28 USDC (shortened; full value 1761.280010540506445523526856266736110532411594004618 USDC)
Cost to move +50%
14,838.37 USDC (shortened; full value 14838.37569205458567638295954 USDC)Reachable through the order book
Checks
3 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
175.25 USDC (shortened; full value 175.2552249019096432056877884104 USDC)
Highest
3,027.05 USDC (shortened; full value 3027.0591079347041465768124648552 USDC)
2026-10-26T23:53:33Z — 2026-11-02T22:53:29ZOne scale across every line on this chart
2% from mid
422.80 USDC (shortened; full value 422.8065643176100074498154325769 USDC)
5% from mid
1,067.66 USDC (shortened; full value 1067.6680484834390765746485441512 USDC)
10% from mid
2,122.29 USDC (shortened; full value 2122.2955533468285058110505515927 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.
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout

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.

1,672.59 USDC (shortened; full value 1672.592578649794991525594295409441323769316906560382 USDC)

Limited by liquidation depth

Liquidation termbinds
1,672.59 USDC (shortened; full value 1672.592578649794991525594295409441323769316906560382 USDC)

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

Manipulation term
3,709.59 USDC (shortened; full value 3709.593923013646419095739885 USDC)

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