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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

Collateral ceiling

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

Lower at the end of the window than at its start

Lowest
1,014.20 USDC (shortened; full value 1014.2000699243266882354414936697431560457799176503345 USDC)
Highest
1,842.88 USDC (shortened; full value 1842.880554713474142230752561148820322577775321543942 USDC)
2026-10-04T01:53:32Z — 2026-10-24T21:08:33Z
Max safe collateral
1,294.29 USDC (shortened; full value 1294.295373900729459028253525260033993422371283161645 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.

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

Price used
76,616.51815 USDC

Order book mid

AMM pool spot price
76,893.89495877 USDC (shortened; full value 76893.8949587711101328 USDC)

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

Book against pool
0.3607 % (shortened; full value 0.36072669867982854311163832 %)

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

Spread
1.6093 % (shortened; full value 1.60936091821082057355278028 %)

Best ask minus best bid, over the mid