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keel
Ledger
65,278,034
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
1,437.26 USDC (shortened; full value 1437.26977984026822953196325367876380170963721467 USDC)Limited by liquidation depth
Depth within 5%
buy1,423.86 USDC (shortened; full value 1423.8667661810432481975682554282 USDC)sell1,320.69 USDC (shortened; full value 1320.69466469201479932484491252533830432291648708504 USDC)
Cost to move +50%
15,275.27 USDC (shortened; full value 15275.27542253135944459970012 USDC)Reachable through the order book
Checks
3 triggered3 not evaluated

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.

Higher at the end of the window than at its start

Lowest
14,265.73 USDC (shortened; full value 14265.73915133030593963740662 USDC)
Highest
15,680.03 USDC (shortened; full value 15680.03204563295162341201283 USDC)
2026-10-27T23:53:28Z — 2026-11-03T03:08:34Z
Cost to move +50%
15,274.40 USDC (shortened; full value 15274.40645006709594131032186 USDC)
8 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

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