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keel
Ledger
65,276,414
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
1,397.08 USDC (shortened; full value 1397.086632910613318973484985206608482199651277920385 USDC)Limited by liquidation depth
Depth within 5%
buy1,582.84 USDC (shortened; full value 1582.8475982997610663999244064195 USDC)sell1,207.38 USDC (shortened; full value 1207.389066239148699949821902748990281171238897007222 USDC)
Cost to move +50%
15,278.15 USDC (shortened; full value 15278.15948608255442594998686 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
76,738.18304068 USDC (shortened; full value 76738.18304068405488285 USDC)
Highest
81,001.88860855 USDC (shortened; full value 81001.88860855591266765 USDC)
2026-10-27T23:53:28Z — 2026-11-03T00:53:19Z
Mid price
77,001.50200150 USDC (shortened; full value 77001.502001502001502 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
15,278.15 USDC (shortened; full value 15278.15948608255442594998686 USDC)

The target is reachable through the order book

Genuine volume in the oracle window
75.40 USDC (shortened; full value 75.4071536 USDC)

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

Cost against genuine volume
202.6088 (shortened; full value 202.6088873096325761054848629109)

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
15,353.56 USDC (shortened; full value 15353.56663968255442594998686 USDC)

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