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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

Price

The midpoint the engine read at each scan. It says what the market quotes, not what it can absorb.

Higher at the end of the window than at its start

Lowest
0.00079915 USDC (shortened; full value 0.0007991529821833 USDC)
Highest
0.00087217 USDC (shortened; full value 0.000872174315241 USDC)
2026-10-04T01:53:32Z — 2026-10-24T21:08:33Z
Mid price
0.00086435 USDC
501 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_CONFLICT498 of 501
Extreme spreadSPREAD_EXTREME498 of 501
Nothing tradable within 2%ZERO_DEPTH_2PCT3 of 501

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%0.001153 USDC (shortened; full value 0.00115360889905515 USDC)21,087.48 USDC (shortened; full value 21087.4835487839226754566023882693 USDC)21,000.07 USDC (shortened; full value 21000.07406870005819486444238 USDC)
+100%0.001538 USDC (shortened; full value 0.0015381451987402 USDC)63,131.08 USDC (shortened; full value 63131.0860849109785279913234966443 USDC)62,969.98 USDC (shortened; full value 62969.98700440011350486444238 USDC)
+1,000%0.008459 USDC (shortened; full value 0.0084597985930711 USDC)63,870.98 USDC (shortened; full value 63870.9862895919682166298438472838 USDC)62,969.98 USDC (shortened; full value 62969.98700440011350486444238 USDC)
+10,000%0.077676 USDC (shortened; full value 0.0776763325363801 USDC)66,610.05 USDC (shortened; full value 66610.052476473237232517888678383 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