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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

Collateral ceiling

The most this asset could back at each reading: the lower of the liquidation and manipulation limits.

Higher at the end of the window than at its start

Lowest
691.94 USDC (shortened; full value 691.942452881444381315390672226918729900464328901301 USDC)
Highest
1,651.06 USDC (shortened; full value 1651.0661763721626649974111914464535779135339117279075 USDC)
2026-11-02T03:53:34Z — 2026-11-03T03:08:34Z
Max safe collateral
1,437.26 USDC (shortened; full value 1437.26977984026822953196325367876380170963721467 USDC)
25 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 25

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.

Both price sources, not only the one that won, and the pair that set the band.

Price used
76,324.22445 USDC

Order book mid

AMM pool spot price
76,644.81698195 USDC (shortened; full value 76644.8169819521010133 USDC)

The pool with the largest quote reserve, reported whichever source set the price

Book against pool
0.4182 % (shortened; full value 0.41828338115490885105641428 %)

Past the methodology threshold, the pool price is used and PRICE_SOURCE_CONFLICT fires

Spread
0.8495 % (shortened; full value 0.8495977583431573276864132 %)

Best ask minus best bid, over the mid