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keel
Ledger
65,275,515
Methodology
1.0.8-draft
Age
2s

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
1,644.04 USDC (shortened; full value 1644.042123052018564904057874593336051714267716659344 USDC)Limited by liquidation depth
Depth within 5%
buy1,081.28 USDC (shortened; full value 1081.2868444525240065106203911062 USDC)sell1,703.96 USDC (shortened; full value 1703.960453002839814532865570592225824842446085456448 USDC)
Cost to move +50%
14,881.33 USDC (shortened; full value 14881.3367772738048956021879 USDC)Reachable through the order book
Checks
3 triggered3 not evaluated

History

Window
Resolution
Source

Collateral ceiling

The most this asset could back at each reading: the lower of the liquidation and manipulation limits.

Higher at the end of the window than at its start

Lowest
691.94 USDC (shortened; full value 691.942452881444381315390672226918729900464328901301 USDC)
Highest
1,681.97 USDC (shortened; full value 1681.976297869189634383495569369258195485691286416771 USDC)
2026-10-26T23:53:33Z — 2026-11-02T23:38:34Z
Max safe collateral
1,624.20 USDC (shortened; full value 1624.205939070149859301644489200472413147950308489106 USDC)
169 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 169

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%115,107.274561 USDC (shortened; full value 115107.274561026082324275 USDC)24,652.93 USDC (shortened; full value 24652.9317856488711842002716410924 USDC)14,881.33 USDC (shortened; full value 14881.3367772738048956021879 USDC)
+100%153,476.366081 USDC (shortened; full value 153476.3660813681097657 USDC)67,090.77 USDC (shortened; full value 67090.7728225296980692822821885058 USDC)49,036.35 USDC (shortened; full value 49036.35967706653229044750638 USDC)
+1,000%844,120.013447 USDC (shortened; full value 844120.01344752460371135 USDC)150,256.63 USDC (shortened; full value 150256.630683815851012015730221505 USDC)49,036.35 USDC (shortened; full value 49036.35967706653229044750638 USDC)
+10,000%7,750,556.487109 USDC (shortened; full value 7750556.48710908954316785 USDC)445,386.64 USDC (shortened; full value 445386.6416793156513504358700459647 USDC)49,815.40 USDC (shortened; full value 49815.40527706653229044750638 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