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keel
Ledger
65,275,697
Methodology
1.0.8-draft
Age
5s

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 9.91979572717006903248574362602307331943990098259 USDC)Limited by liquidation depth
Depth within 5%
buy9.60 USDC (shortened; full value 9.6049265106859008409982093822 USDC)sell9.78 USDC (shortened; full value 9.789204270881848079546373904647197872098602513645 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
3.97 USDC (shortened; full value 3.9717569615431014050150300758 USDC)
Highest
374.36 USDC (shortened; full value 374.3649664066961158837419192743 USDC)
2026-10-04T23:53:32Z — 2026-10-24T19:53:33ZOne scale across every line on this chart
2% from mid
17.85 USDC (shortened; full value 17.8524639832488156401285821862 USDC)
5% from mid
23.92 USDC (shortened; full value 23.9294166695529171592502188633 USDC)
10% from mid
374.36 USDC (shortened; full value 374.3649664066961158837419192743 USDC)
21 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_CONFLICT20 of 21
Extreme spreadSPREAD_EXTREME20 of 21
Nothing tradable within 2%ZERO_DEPTH_2PCT1 of 21

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 0.0011536883731707 USDC)21,087.48 USDC (shortened; full value 21087.486552114785789217102840654 USDC)21,000.07 USDC (shortened; full value 21000.07406870005819486444238 USDC)
+100%0.001538 USDC (shortened; full value 0.0015382511642276 USDC)63,131.09 USDC (shortened; full value 63131.0916201668804429561722375262 USDC)62,969.98 USDC (shortened; full value 62969.98700440011350486444238 USDC)
+1,000%0.008460 USDC (shortened; full value 0.0084603814032518 USDC)63,871.01 USDC (shortened; full value 63871.0172473205608576160722605956 USDC)62,969.98 USDC (shortened; full value 62969.98700440011350486444238 USDC)
+10,000%0.077681 USDC (shortened; full value 0.0776816837934938 USDC)66,610.17 USDC (shortened; full value 66610.1734125844461771971747218236 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