What depth stands behind this price?
BTCLN against USDC · GDPKQ2…3EVBVT
How much can this asset safely back?
- Low
- Medium
- High — this asset
- Critical
Highpartial confidence
A band marked partial is a floor. At least one high-severity check could not be evaluated, so the real band can only be worse than the one shown, never better.
9.94 USDC (shortened; full value 9.942307285423132046686129150045002786517765054572 USDC)
Limited by liquidation depth
- Liquidation termbinds
- 9.94 USDC (shortened; full value 9.942307285423132046686129150045002786517765054572 USDC)
Sell-side depth at the liquidation delta, times the haircut.
- Manipulation term
- 5,352.56 USDC (shortened; full value 5352.561384225036106143610595 USDC)
Order-book-only manipulation cost at the critical delta, times the safety margin.
These bands come from thresholds that were chosen, not calibrated
The thresholds were chosen based on the magnitude of the Blend incident of February 2026 and on conservative judgement, not calibrated against a set of incidents. Every flag is reported separately so that consumers can apply their own thresholds.
Where this number comes from
- Source
- GET /asset/{assetId}/depth → maxSafeCollateral, maxSafeCollateralLiquidation, maxSafeCollateralManipulation
- What it is
- Awaiting methodology copy.
- What it does not account for
- Awaiting methodology copy.
What this computation could not do
- maxReachablePrice and costToMaxReachablePrice are null because an active pool is present: under a constant product curve the price tends to infinity as the base reserve tends to zero, so every target is reachable and a highest price has no meaning
Served by the engine with this response and shown as written.
Where does the price come from?
- Mid price
- 0.00077780 USDC (shortened; full value 0.0007778083582499 USDC)
Source: AMM pool spot
- Spread
- 36.1891 % (shortened; full value 36.18913378473407387478208988 %)
Undefined unless the price came from a two-sided book
- Pool spot price
- 0.00077780 USDC (shortened; full value 0.0007778083582499 USDC)
Reported whenever an active pool exists, whichever source won
- Divergence between the two
- 18.0056 % (shortened; full value 18.00564502070494504679240569 %)
PRICE_SOURCE_CONFLICT is triggered: the two sources disagree past the threshold and the pool was taken
Where this number comes from
- Source
- GET /asset/{assetId}/depth → midPrice, priceSource, spreadPct, poolSpotPrice, priceDivergencePct
- What it is
- Awaiting methodology copy.
- What it does not account for
- Awaiting methodology copy.
What volume can it absorb before the price moves?
SPREAD_EXTREME is triggered, so this ladder is not meaningful
The spread is past the threshold at which the engine says the mid price, and every figure derived from it including these rungs, stops describing an executable market.
- SDEX
- AMM
- Sell side, composition not reported
2% from mid
5% from mid
10% from mid
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.
Where this number comes from
- Source
- GET /asset/{assetId}/depth → depth[]
- What it is
- Awaiting methodology copy.
- What it does not account for
- Awaiting methodology copy.
What would it cost to move the price?
Every target price below is measured from the same unreliable mid
SPREAD_EXTREME is triggered. A target price is the mid price moved by the delta, so when the mid sits between quotes that are far apart, the targets describe a market that is not there. Reachability and the furthest price the book reaches are the readings that still mean something here.
| Move | Target price | Cost, all venues | Cost, order book only |
|---|---|---|---|
| 0.5% | 0.001166 USDC (shortened; full value 0.00116671253737485 USDC) | 21,497.85 USDC (shortened; full value 21497.856390890950365189939249965 USDC) | 21,410.24 USDC (shortened; full value 21410.24553690014442457444238 USDC) |
| 1% | 0.001555 USDC (shortened; full value 0.0015556167164998 USDC) | 63,131.75 USDC (shortened; full value 63131.7572266745178692816546660088 USDC) | 62,970.28 USDC (shortened; full value 62970.28700620016119457444238 USDC) |
| 10% | 0.008555 USDC (shortened; full value 0.0085558919407489 USDC) | 63,873.36 USDC (shortened; full value 63873.362012996085250266574924484 USDC) | 62,970.28 USDC (shortened; full value 62970.28700620016119457444238 USDC) |
| 100% | 0.078558 USDC (shortened; full value 0.0785586441832399 USDC) | 66,618.46 USDC (shortened; full value 66618.4612675856962955187132635501 USDC) | 63,090.60 USDC (shortened; full value 63090.60620790112119457444238 USDC) |
Reachability on the all-venues ladder is unconditionally true whenever an active pool exists, because a constant product curve has no upper price bound. The order-book-only column is the one that answers whether a target is attainable, and it is the one Keel itself uses.
How far the book actually goes
- Furthest price the book reaches
- not computed
Null by structure, not by failure: an active pool means every target is reachable and a highest price has no meaning
- Cost to walk it that far
- not computed
Null for the same reason as the price above
Against genuine volume
Not reported for this asset. Without it there is no comparison between the cost of an attack and the genuine trading it would have to hide inside.
Where this number comes from
- Source
- GET /asset/{assetId}/depth → manipulationCostCombined[], manipulationCostOrderbookOnly[], oracleResistance
- What it is
- Awaiting methodology copy.
- What it does not account for
- Awaiting methodology copy.
Which checks fired, and which could not run?
Triggered(3)
- PRICE_SOURCE_CONFLICT
- SPREAD_EXTREME
- THIN_DEPTH_5PCT
Could not be evaluated(6)
- MANIPULATION_RATIO_LOW
- NO_GENUINE_TRADE_30D
- HOLDER_CONCENTRATION_EXTREME
- NO_GENUINE_TRADE_7D
- HOLDER_CONCENTRATION_HIGH
- WASH_TRADE_SUSPECTED
Where this number comes from
- Source
- GET /asset/{assetId}/depth → flags[], unevaluatedFlags[], bandConfidence
- What it is
- Awaiting methodology copy.
- What it does not account for
- Awaiting methodology copy.
Who holds it, and is it genuinely traded?
- Largest holder
- not computed
- Top ten holders
- not computed
- Concentration index
- not computed
Herfindahl–Hirschman, over the holder distribution
- Volume excluded as not genuine
- not computed
Of 30 day volume. A high share indicates suspected wash trading
- Volume to supply, 30 day
- not computed
- Last genuine trade
- not computed
No genuine trade was found in the window
Where this number comes from
- Source
- GET /asset/{assetId}/depth → holderTop1Pct, holderTop10Pct, holderHhi, volumeToSupply, lastGenuineTrade, tradesExcludedPct
- What it is
- Awaiting methodology copy.
- What it does not account for
- Awaiting methodology copy.
How has this moved over time?
No readings were stored in this range from this source
The engine accepted the request and returned nothing for Hubble. The series is as old as the deployment, and the reconstruction sources are not populated in production, so a window can reach back further than anything that was recorded. It is not empty because the figures were zero.
Where this number comes from
- Source
- GET /asset/{assetId}/history → points[], gaps[], dataSource
- What it is
- Awaiting methodology copy.
- What it does not account for
- Awaiting methodology copy.
What was this computed from?
- Ledger
- 64,489,411
Closed at 2026-09-18T12:00:33Z
- Computed at
- 2026-09-18T12:00:38.677816Z
- Data source
- horizon
- Methodology
- 1.0.8-draft
The version that produced these figures, not the one this page was built against