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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
0 USDC
Highest
34,725.42 USDC (shortened; full value 34725.4257619130564024747210709281 USDC)
2026-10-03T23:53:32Z — 2026-10-24T18:53:28ZOne scale across every line on this chart
2% from mid
926.21 USDC (shortened; full value 926.2172120332472839593122146991 USDC)
5% from mid
1,585.30 USDC (shortened; full value 1585.3027086159169969084926861302 USDC)
10% from mid
2,735.29 USDC (shortened; full value 2735.2998273350871712838790936606 USDC)
500 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_2PCT16 of 500

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%115,056.933441 USDC (shortened; full value 115056.9334419885257997 USDC)24,591.93 USDC (shortened; full value 24591.933498385167415701625797393 USDC)14,838.37 USDC (shortened; full value 14838.37569205458567638295954 USDC)
+100%153,409.244589 USDC (shortened; full value 153409.2445893180343996 USDC)67,027.35 USDC (shortened; full value 67027.3570323052506088761636391302 USDC)48,992.79 USDC (shortened; full value 48992.79430114731307122827802 USDC)
+1,000%843,750.845241 USDC (shortened; full value 843750.8452412491891978 USDC)150,175.00 USDC (shortened; full value 150175.0088493859750117097818918613 USDC)48,992.79 USDC (shortened; full value 48992.79430114731307122827802 USDC)
+10,000%7,747,166.851760 USDC (shortened; full value 7747166.8517605607371798 USDC)445,240.58 USDC (shortened; full value 445240.5827450263672523866496535883 USDC)49,771.83 USDC (shortened; full value 49771.83990114731307122827802 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