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keel
Ledger
65,276,595
Methodology
1.0.8-draft
Age
2s

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
9.91 USDC (shortened; full value 9.919454901382387455304974535347439185077190488414 USDC)Limited by liquidation depth
Depth within 5%
buy9.60 USDC (shortened; full value 9.6045965032189968368678853559 USDC)sell9.78 USDC (shortened; full value 9.788867931976199530702355782457664636862953599517 USDC)
Cost to move +50%
21,000.07 USDC (shortened; full value 21000.07406870005819486444238 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
3.86 USDC (shortened; full value 3.8699774801897181077644111652 USDC)
Highest
18.98 USDC (shortened; full value 18.9837596949275740592608247153 USDC)
2026-11-02T23:53:34Z — 2026-11-03T01:08:29ZOne scale across every line on this chart
2% from mid
3.86 USDC (shortened; full value 3.8699774801897181077644111652 USDC)
5% from mid
9.60 USDC (shortened; full value 9.604487161246955507770303515 USDC)
10% from mid
18.98 USDC (shortened; full value 18.9828913380315832066229956222 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.
Price sources disagreenowPRICE_SOURCE_CONFLICTthroughout
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.

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

9.91 USDC (shortened; full value 9.919454901382387455304974535347439185077190488414 USDC)

Limited by liquidation depth

Liquidation termbinds
9.91 USDC (shortened; full value 9.919454901382387455304974535347439185077190488414 USDC)

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

Manipulation term
5,250.01 USDC (shortened; full value 5250.018517175014548716110595 USDC)

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