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keel
Ledger
65,277,314
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
1,437.33 USDC (shortened; full value 1437.33416202079520430560251368465917940970765350349 USDC)Limited by liquidation depth
Depth within 5%
buy1,423.86 USDC (shortened; full value 1423.868739152486931731816439659 USDC)sell1,320.80 USDC (shortened; full value 1320.80911061495114095462482319138923653408569340601 USDC)
Cost to move +50%
15,277.61 USDC (shortened; full value 15277.61475983996648106988386 USDC)Reachable through the order book
Checks
3 triggered3 not evaluated

Every stored reading from this source, whenever it was taken

A reconstruction is written where a replay ran rather than on the scan's cadence, so there is no window to choose: the engine returns the readings it holds and the axis below is labelled from them.

No readings were stored in this range from this source

The engine holds no stored reading for Offers implied on this asset. A reconstruction exists only where keel replay has been run, and it has been run on one pair.

Checks

What fires now, how long it has been firing across the window above, and what could not run.

Triggered3

  • One holder owns most of it
  • Thin depth at 5%
  • Supply is concentrated

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%114,486.336675 USDC24,984.56 USDC (shortened; full value 24984.5600829027466197099215526514 USDC)15,277.61 USDC (shortened; full value 15277.61475983996648106988386 USDC)
+100%152,648.4489 USDC67,571.89 USDC (shortened; full value 67571.8944285743458684084737298623 USDC)49,604.40 USDC (shortened; full value 49604.40614253055677914106374 USDC)
+1,000%839,566.46895 USDC150,514.09 USDC (shortened; full value 150514.0924276053354033236349588734 USDC)49,604.40 USDC (shortened; full value 49604.40614253055677914106374 USDC)
+10,000%7,708,746.66945 USDC444,852.49 USDC (shortened; full value 444852.4985738551176612678359958451 USDC)50,383.45 USDC (shortened; full value 50383.45174253055677914106374 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