Skip to content
keel
Ledger
65,275,515
Methodology
1.0.8-draft
Age
2s

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
1,644.04 USDC (shortened; full value 1644.042123052018564904057874593336051714267716659344 USDC)Limited by liquidation depth
Depth within 5%
buy1,081.28 USDC (shortened; full value 1081.2868444525240065106203911062 USDC)sell1,703.96 USDC (shortened; full value 1703.960453002839814532865570592225824842446085456448 USDC)
Cost to move +50%
14,881.33 USDC (shortened; full value 14881.3367772738048956021879 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
78,258.34579570 USDC (shortened; full value 78258.34579570029258365 USDC)
Highest
87,076.05993506 USDC (shortened; full value 87076.05993506493506495 USDC)
2026-10-03T23:53:32Z — 2026-10-24T19:38:28Z
Mid price
78,258.34579570 USDC (shortened; full value 78258.34579570029258365 USDC)
501 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 501

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