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keel
Ledger
65,276,594
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
1,433.71 USDC (shortened; full value 1433.713768171685732444482068742045397746028804830129 USDC)Limited by liquidation depth
Depth within 5%
buy1,442.71 USDC (shortened; full value 1442.7152722690858623663240892842 USDC)sell1,311.41 USDC (shortened; full value 1311.41153179089092693366822277795778503509332417346 USDC)
Cost to move +50%
15,279.60 USDC (shortened; full value 15279.60579347099900815123579 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 — 2026-11-03T01:08:29Z
Cost to move +50%
15,278.15 USDC (shortened; full value 15278.15948608255442594998686 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.

Concentration and wash trading bound how much of the depth is real.

Largest holder
73.2382 % (shortened; full value 73.23828746329395136952593628 %)
Top ten holders
90.3130 % (shortened; full value 90.31309136797367730993502921 %)
Concentration index
5,489.72 (shortened; full value 5489.7259390207687885090818984262148164065168450732081545)

Herfindahl–Hirschman, over the holder distribution

Volume excluded as not genuine
not computed

the newest trade reading is anchored more than 48h0m0s ago, so it was not used

Volume to supply, 30 day
not computed

the newest trade reading is anchored more than 48h0m0s ago, so it was not used

Last genuine trade
not computed

the newest trade reading is anchored more than 48h0m0s ago, so it was not used