Skip to content
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.

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 — 2026-11-03T01:08:29Z
Cost to move +50%
15,278.15 USDC (shortened; full value 15278.15948608255442594998686 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.

An averaging oracle makes an attacker outweigh genuine trading as well as move the book. A market with no genuine volume has no such defence.

Cost of a 50% move, order book only
15,279.60 USDC (shortened; full value 15279.60579347099900815123579 USDC)

The target is reachable through the order book

Genuine volume in the oracle window
1.07 USDC (shortened; full value 1.0702132 USDC)

Over the last 900 seconds (15 minutes), after the genuine-trade filter

Cost against genuine volume
14,277.1606 (shortened; full value 14277.1606568401501758259342998199)

Below 1, moving the price is cheaper than all genuine trading across the window. Not computed when there was no genuine volume or the target is unreachable

Total attack cost
15,280.67 USDC (shortened; full value 15280.67600667099900815123579 USDC)

The move, plus the genuine volume an averaging oracle forces an attacker to outweigh