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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

History

Window
Resolution
Source

Price

The midpoint the engine read at each scan. It says what the market quotes, not what it can absorb.

Lower at the end of the window than at its start

Lowest
76,504.38688688 USDC (shortened; full value 76504.3868868868868869 USDC)
Highest
82,501.37032274 USDC (shortened; full value 82501.3703227499344004 USDC)
2026-11-02T02:53:29Z — 2026-11-03T02:08:29Z
Mid price
76,504.38688688 USDC (shortened; full value 76504.3868868868868869 USDC)
25 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 25

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
781.02 USDC (shortened; full value 781.027651650333098437395041108 USDC)
Sell side
651.57 USDC (shortened; full value 651.57187545547947581647374478850914370022016257371 USDC)

5% from mid

Buy side
1,423.86 USDC (shortened; full value 1423.868739152486931731816439659 USDC)
Sell side
1,320.80 USDC (shortened; full value 1320.80911061495114095462482319138923653408569340601 USDC)

10% from mid

Buy side
2,475.19 USDC (shortened; full value 2475.1920214121610576765663986707 USDC)
Sell side
2,874.66 USDC (shortened; full value 2874.66832404159040861120502736931835881941530700698 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.