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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
0 USDC
Highest
34,529.69 USDC (shortened; full value 34529.6928487606848346877160843231 USDC)
2026-10-03T23:53:32Z — 2026-10-24T18:53:28ZOne scale across every line on this chart
2% from mid
926.21 USDC (shortened; full value 926.2172120332472839593122146991 USDC)
5% from mid
1,585.30 USDC (shortened; full value 1585.3027086159169969084926861302 USDC)
10% from mid
2,735.29 USDC (shortened; full value 2735.2998273350871712838790936606 USDC)
22 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 22

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
377.76 USDC (shortened; full value 377.7695791101083061133242284009 USDC)
Sell side
1,090.40 USDC (shortened; full value 1090.403541760865059307117717340318574083936860593438 USDC)

5% from mid

Buy side
1,022.20 USDC (shortened; full value 1022.2030304392745875474217523715 USDC)
Sell side
1,761.28 USDC (shortened; full value 1761.280010540506445523526856266736110532411594004618 USDC)

10% from mid

Buy side
2,076.13 USDC (shortened; full value 2076.1305164402982330922253065547 USDC)
Sell side
3,345.18 USDC (shortened; full value 3345.185157299589983051188590818882647538633813120764 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.