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keel
Ledger
65,276,232
Methodology
1.0.8-draft
Age
16s

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
1,444.48 USDC (shortened; full value 1444.487163556609781609259681295626217393414826474431 USDC)Limited by liquidation depth
Depth within 5%
buy1,485.17 USDC (shortened; full value 1485.1757873141459166726331170113 USDC)sell1,302.92 USDC (shortened; full value 1302.928042989171254021826734092598368297216865002222 USDC)
Cost to move +50%
15,200.19 USDC (shortened; full value 15200.19026362814396957975902 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
1,444.48 USDC (shortened; full value 1444.487163556609781609259681295626217393414826474431 USDC)
Highest
1,644.04 USDC (shortened; full value 1644.042123052018564904057874593336051714267716659344 USDC)
2026-11-02T23:53:34Z — 2026-11-03T00:53:19Z
Max safe collateral
1,444.48 USDC (shortened; full value 1444.487163556609781609259681295626217393414826474431 USDC)
2 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.

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
839.49 USDC (shortened; full value 839.4960804844605479942790848821 USDC)
Sell side
630.76 USDC (shortened; full value 630.768636302302237156931010735986629447837760659016 USDC)

5% from mid

Buy side
1,485.17 USDC (shortened; full value 1485.1757873141459166726331170113 USDC)
Sell side
1,302.92 USDC (shortened; full value 1302.928042989171254021826734092598368297216865002222 USDC)

10% from mid

Buy side
2,541.14 USDC (shortened; full value 2541.1414402102430043632127370664 USDC)
Sell side
2,888.97 USDC (shortened; full value 2888.974327113219563218519362591252434786829652948862 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.