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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

Cost to move the price 50%

The stored series carries one manipulation rung, the +50% move. A reading the engine could not produce breaks the line rather than sitting at zero.

Lower at the end of the window than at its start

Lowest
14,836.31 USDC (shortened; full value 14836.31874068121230300958662 USDC)
Highest
17,332.28 USDC (shortened; full value 17332.28025808344394450627966 USDC)
2026-11-02T01:53:29Z — 2026-11-03T00:53:19Z
Cost to move +50%
15,200.19 USDC (shortened; full value 15200.19026362814396957975902 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.

Volume each side can absorb before the price moves 2, 5 or 10 per cent. Buy side bears on oracle manipulation, sell side on liquidation.

  • SDEX
  • AMM
  • Sell side, composition not reported

2% from mid

Buy side
936.74 USDC (shortened; full value 936.7468353623896821795335026893 USDC)
Sell side
534.79 USDC (shortened; full value 534.79621003779801335226264891730298937166620749066 USDC)

5% from mid

Buy side
1,582.84 USDC (shortened; full value 1582.8475982997610663999244064195 USDC)
Sell side
1,207.38 USDC (shortened; full value 1207.389066239148699949821902748990281171238897007222 USDC)

10% from mid

Buy side
2,639.50 USDC (shortened; full value 2639.5018600880930666778786634376 USDC)
Sell side
2,794.17 USDC (shortened; full value 2794.17326582122663794696997041321696439930255584077 USDC)

Bars share one scale. The venue split decomposes the buy side; the sell side is drawn as an outline because its composition is not reported.