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keel
Ledger
65,273,727
Methodology
1.0.8-draft
Age
7s

BTCLN against USDC — what depth stands behind this price?

All assets

BTCLN / USDC

GDPK…VBVT

Risk band

High

partial confidence

A floor: the real band can only be worse.

Max safe collateral
9.93 USDC (shortened; full value 9.936651919950527978901917263886936100488627620982 USDC)Limited by liquidation depth
Depth within 5%
buy9.62 USDC (shortened; full value 9.6212476626708024246396229208 USDC)sell9.80 USDC (shortened; full value 9.805838556308857105749938720372014230609232043521 USDC)
Cost to move +50%
21,409.94 USDC (shortened; full value 21409.94553510009673486444238 USDC)Reachable through the order book
Checks
3 triggered3 not evaluated

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
3.87 USDC (shortened; full value 3.8743887726397089084583827193 USDC)
Highest
379.64 USDC (shortened; full value 379.6418489217035047012544932754 USDC)
2026-10-26T21:53:33Z — 2026-11-02T21:08:30ZOne scale across every line on this chart
2% from mid
3.87 USDC (shortened; full value 3.8767308613935255693570666758 USDC)
5% from mid
9.62 USDC (shortened; full value 9.6212476626708024246396229208 USDC)
10% from mid
19.01 USDC (shortened; full value 19.0160178102688059609763867129 USDC)
169 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.
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
Price sources disagreenowPRICE_SOURCE_CONFLICT90 of 169
Nothing tradable within 2%ZERO_DEPTH_2PCT79 of 169

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
3.87 USDC (shortened; full value 3.8767308613935255693570666758 USDC)
Sell side
3.89 USDC (shortened; full value 3.8922370837416688461463075213228530104482221535 USDC)

5% from mid

Buy side
9.62 USDC (shortened; full value 9.6212476626708024246396229208 USDC)
Sell side
9.80 USDC (shortened; full value 9.805838556308857105749938720372014230609232043521 USDC)

10% from mid

Buy side
19.01 USDC (shortened; full value 19.0160178102688059609763867129 USDC)
Sell side
19.87 USDC (shortened; full value 19.873303839901055957803834527773872200977255241964 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.