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keel
Ledger
65,274,254
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
1,622.58 USDC (shortened; full value 1622.587656233295071248269064523109534949926011552802 USDC)Limited by liquidation depth
Depth within 5%
buy1,108.44 USDC (shortened; full value 1108.4408371516493231477257219694 USDC)sell1,658.86 USDC (shortened; full value 1658.867012233064017587936470102275864951196863027556 USDC)
Cost to move +50%
14,836.31 USDC (shortened; full value 14836.31874068121230300958662 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.

Higher at the end of the window than at its start

Lowest
691.94 USDC (shortened; full value 691.942452881444381315390672226918729900464328901301 USDC)
Highest
1,681.97 USDC (shortened; full value 1681.976297869189634383495569369258195485691286416771 USDC)
2026-10-26T22:53:33Z — 2026-11-02T21:53:29Z
Max safe collateral
1,622.85 USDC (shortened; full value 1622.857073483293140898055030947823894949926011552802 USDC)
168 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 168

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.

Volume each side can absorb before the price moves 2, 5 or 10 per cent. Buy side bears on oracle manipulation, sell side on liquidation.

  • SDEX
  • AMM
  • Sell side, composition not reported

2% from mid

Buy side
462.64 USDC (shortened; full value 462.6443140875692594107425369822 USDC)
Sell side
986.58 USDC (shortened; full value 986.587350931292904155401685737624363911707288426886 USDC)

5% from mid

Buy side
1,108.44 USDC (shortened; full value 1108.4408371516493231477257219694 USDC)
Sell side
1,658.86 USDC (shortened; full value 1658.867012233064017587936470102275864951196863027556 USDC)

10% from mid

Buy side
2,164.59 USDC (shortened; full value 2164.597535127708936983984895166 USDC)
Sell side
3,245.17 USDC (shortened; full value 3245.175312466590142496538129046219069899852023105604 USDC)

Bars share one scale. The venue split decomposes the buy side; the sell side is drawn as an outline because its composition is not reported.