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keel
Ledger
65,274,254
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
1,622.58 USDC (shortened; full value 1622.587656233295071248269064523109534949926011552802 USDC)Limited by liquidation depth
Depth within 5%
buy1,108.44 USDC (shortened; full value 1108.4408371516493231477257219694 USDC)sell1,658.86 USDC (shortened; full value 1658.867012233064017587936470102275864951196863027556 USDC)
Cost to move +50%
14,836.31 USDC (shortened; full value 14836.31874068121230300958662 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
30.00 USDC (shortened; full value 30.0017146412191080884062813853 USDC)
Highest
14,131.05 USDC (shortened; full value 14131.0506577789573519514551750012 USDC)
2026-10-26T22:53:33Z — 2026-11-02T21:53:29ZOne scale across every line on this chart
2% from mid
462.64 USDC (shortened; full value 462.6443140875692594107425369822 USDC)
5% from mid
1,108.44 USDC (shortened; full value 1108.4408371516493231477257219694 USDC)
10% from mid
2,164.59 USDC (shortened; full value 2164.597535127708936983984895166 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
Nothing tradable within 2%ZERO_DEPTH_2PCT1 of 168

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.

Read cost together with reachability: a figure on an unreachable rung says how far the book goes, not what the move costs.

Cost to move the price by each delta, through all venues and through the order book alone, with whether the target is reachable at all.
MoveTarget priceCost, all venuesCost, order book only
+50%115,544.224028 USDC (shortened; full value 115544.224028249735075925 USDC)24,696.66 USDC (shortened; full value 24696.6650275245720291097079951478 USDC)14,836.31 USDC (shortened; full value 14836.31874068121230300958662 USDC)
+100%154,058.965370 USDC (shortened; full value 154058.9653709996467679 USDC)67,152.02 USDC (shortened; full value 67152.0263274276157997459219030816 USDC)48,993.15 USDC (shortened; full value 48993.1595697739396978549051 USDC)
+1,000%847,324.309540 USDC (shortened; full value 847324.30954049805722345 USDC)150,475.54 USDC (shortened; full value 150475.5476835314239133736533499845 USDC)48,993.15 USDC (shortened; full value 48993.1595697739396978549051 USDC)
+10,000%7,779,977.751235 USDC (shortened; full value 7779977.75123548216177895 USDC)446,163.58 USDC (shortened; full value 446163.5809624616506773749158077593 USDC)49,772.20 USDC (shortened; full value 49772.2051697739396978549051 USDC)

Reachability on the all-venues ladder is unconditionally true whenever an active pool exists, because a constant product curve has no upper price bound. The order-book-only column is the one that answers whether a target is attainable, and it is the one Keel itself uses.

Highest price the book can reach
not computed

Absorbing every ask. Not computed when an active pool exists, because a constant product curve has no highest price

Cost to reach it
not computed

Every ask below that price. Catches an attack that lands between two rungs of the ladder