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keel
Ledger
65,274,974
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
1,672.59 USDC (shortened; full value 1672.592578649794991525594295409441323769316906560382 USDC)Limited by liquidation depth
Depth within 5%
buy1,022.20 USDC (shortened; full value 1022.2030304392745875474217523715 USDC)sell1,761.28 USDC (shortened; full value 1761.280010540506445523526856266736110532411594004618 USDC)
Cost to move +50%
14,838.37 USDC (shortened; full value 14838.37569205458567638295954 USDC)Reachable through the order book
Checks
3 triggered3 not evaluated

History

Window
Resolution
Source

Buy-side depth

What an order can absorb before the price moves against a buyer. The rungs are nested, so one scale covers all three.

Lower at the end of the window than at its start

Lowest
415.02 USDC (shortened; full value 415.0251487885794706898989240739 USDC)
Highest
14,131.05 USDC (shortened; full value 14131.0506577789573519514551750012 USDC)
2026-11-01T23:53:29Z — 2026-11-02T22:53:29ZOne scale across every line on this chart
2% from mid
422.80 USDC (shortened; full value 422.8065643176100074498154325769 USDC)
5% from mid
1,067.66 USDC (shortened; full value 1067.6680484834390765746485441512 USDC)
10% from mid
2,122.29 USDC (shortened; full value 2122.2955533468285058110505515927 USDC)
24 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 24

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
14,838.37 USDC (shortened; full value 14838.37569205458567638295954 USDC)

The target is reachable through the order book

Genuine volume in the oracle window
17.87 USDC (shortened; full value 17.8787157 USDC)

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

Cost against genuine volume
829.9463 (shortened; full value 829.9463977747901476157462216372)

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
14,856.25 USDC (shortened; full value 14856.25440775458567638295954 USDC)

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