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keel
Ledger
65,276,414
Methodology
1.0.8-draft
Age
6s

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
1,397.08 USDC (shortened; full value 1397.086632910613318973484985206608482199651277920385 USDC)Limited by liquidation depth
Depth within 5%
buy1,582.84 USDC (shortened; full value 1582.8475982997610663999244064195 USDC)sell1,207.38 USDC (shortened; full value 1207.389066239148699949821902748990281171238897007222 USDC)
Cost to move +50%
15,278.15 USDC (shortened; full value 15278.15948608255442594998686 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
1,651.06 USDC (shortened; full value 1651.0661763721626649974111914464535779135339117279075 USDC)
2026-11-02T01:53:29Z — 2026-11-03T00:53:19Z
Max safe collateral
1,444.48 USDC (shortened; full value 1444.487163556609781609259681295626217393414826474431 USDC)
24 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 24

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%115,652.943152 USDC (shortened; full value 115652.94315294315294315 USDC)25,185.53 USDC (shortened; full value 25185.5331649610357575139360051417 USDC)15,278.15 USDC (shortened; full value 15278.15948608255442594998686 USDC)
+100%154,203.924203 USDC (shortened; full value 154203.9242039242039242 USDC)67,816.76 USDC (shortened; full value 67816.7610344950519993594899000197 USDC)49,606.95 USDC (shortened; full value 49606.95738587528182079530534 USDC)
+1,000%848,121.583121 USDC (shortened; full value 848121.5831215831215831 USDC)151,179.53 USDC (shortened; full value 151179.5367635696050114605743230842 USDC)49,606.95 USDC (shortened; full value 49606.95738587528182079530534 USDC)
+10,000%7,787,298.172298 USDC (shortened; full value 7787298.1722981722981721 USDC)447,006.50 USDC (shortened; full value 447006.5040098402016590204155067034 USDC)50,386.00 USDC (shortened; full value 50386.00298587528182079530534 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