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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

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.

Read cost together with reachability: a figure on an unreachable rung says how far the book goes, not what the move costs.

Cost to move the price by each delta, through all venues and through the order book alone, with whether the target is reachable at all.
MoveTarget priceCost, all venuesCost, order book only
+50%0.001157 USDC (shortened; full value 0.00115747042759935 USDC)21,497.50 USDC (shortened; full value 21497.5009651346220908138225905169 USDC)21,409.94 USDC (shortened; full value 21409.94553510009673486444238 USDC)
+100%0.001543 USDC (shortened; full value 0.0015432939034658 USDC)63,131.35 USDC (shortened; full value 63131.3550763616714540751588806486 USDC)62,969.98 USDC (shortened; full value 62969.98700440011350486444238 USDC)
+1,000%0.008488 USDC (shortened; full value 0.0084881164690619 USDC)63,872.49 USDC (shortened; full value 63872.4907122368926291345066046851 USDC)62,969.98 USDC (shortened; full value 62969.98700440011350486444238 USDC)
+10,000%0.077936 USDC (shortened; full value 0.0779363421250229 USDC)66,615.92 USDC (shortened; full value 66615.9294911174925761102143615088 USDC)63,090.30 USDC (shortened; full value 63090.30620610107350486444238 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.

Highest price the book can reach
not computed

Absorbing every ask. Not computed when an active pool exists, because a constant product curve has no highest price

Cost to reach it
not computed

Every ask below that price. Catches an attack that lands between two rungs of the ladder