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keel
Ledger
65,274,255
Methodology
1.0.8-draft
Age
3s

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 9.936017680897298323635704337178562954903882118242 USDC)Limited by liquidation depth
Depth within 5%
buy9.62 USDC (shortened; full value 9.6206335553146904564635748554 USDC)sell9.80 USDC (shortened; full value 9.805212666846284715371520524784985776394220370051 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

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
3.87 USDC (shortened; full value 3.8743887726397089084583827193 USDC)
Highest
379.64 USDC (shortened; full value 379.6418489217035047012544932754 USDC)
2026-10-26T22:53:33Z — 2026-11-02T21:53:34ZOne scale across every line on this chart
2% from mid
3.87 USDC (shortened; full value 3.8764834164650590699891892007 USDC)
5% from mid
9.62 USDC (shortened; full value 9.6206335553146904564635748554 USDC)
10% from mid
19.01 USDC (shortened; full value 19.0148040512189738974813424732 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.
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
Price sources disagreenowPRICE_SOURCE_CONFLICT90 of 168
Nothing tradable within 2%ZERO_DEPTH_2PCT78 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.

The ceiling is the lower of two independent limits. Which one binds is the part a lender acts on, so both are shown.

9.93 USDC (shortened; full value 9.936017680897298323635704337178562954903882118242 USDC)

Limited by liquidation depth

Liquidation termbinds
9.93 USDC (shortened; full value 9.936017680897298323635704337178562954903882118242 USDC)

Sell-side depth at the liquidation delta, times the haircut.

Manipulation term
5,352.48 USDC (shortened; full value 5352.486383775024183716110595 USDC)

Order-book-only manipulation cost at the critical delta, times the safety margin.