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keel
Ledger
65,275,697
Methodology
1.0.8-draft
Age
4s

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
1,656.85 USDC (shortened; full value 1656.853508949833470025310384601548695090369881749453 USDC)Limited by liquidation depth
Depth within 5%
buy1,032.48 USDC (shortened; full value 1032.4820861893759966264190973438 USDC)sell1,730.19 USDC (shortened; full value 1730.196195081246140388299409439039525925869613488166 USDC)
Cost to move +50%
14,847.83 USDC (shortened; full value 14847.8334282597908815881701 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
78,251.48893893 USDC (shortened; full value 78251.48893893893893895 USDC)
Highest
87,076.05993506 USDC (shortened; full value 87076.05993506493506495 USDC)
2026-10-04T00:53:32Z — 2026-10-24T19:53:33Z
Mid price
78,251.48893893 USDC (shortened; full value 78251.48893893893893895 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_2PCT17 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.

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
388.25 USDC (shortened; full value 388.2572915740620620085622413587 USDC)
Sell side
1,059.53 USDC (shortened; full value 1059.53452463764999153952684294555777474525123494986 USDC)

5% from mid

Buy side
1,032.48 USDC (shortened; full value 1032.4820861893759966264190973438 USDC)
Sell side
1,730.19 USDC (shortened; full value 1730.196195081246140388299409439039525925869613488166 USDC)

10% from mid

Buy side
2,086.06 USDC (shortened; full value 2086.0683281947410232199796974053 USDC)
Sell side
3,313.70 USDC (shortened; full value 3313.707017899666940050620769203097390180739763498906 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.