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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

Collateral ceiling

The most this asset could back at each reading: the lower of the liquidation and manipulation limits.

Lower at the end of the window than at its start

Lowest
3.67 USDC (shortened; full value 3.677186330037307621268471417126194347829413788712 USDC)
Highest
10.54 USDC (shortened; full value 10.549334405829711707168352084902847686218409121372 USDC)
2026-10-04T01:53:32Z — 2026-10-24T21:08:33Z
Max safe collateral
3.87 USDC (shortened; full value 3.879330289711829507018321192151327816231588189496 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.

Volume each side can absorb before the price moves 2, 5 or 10 per cent. Buy side bears on oracle manipulation, sell side on liquidation.

  • SDEX
  • AMM
  • Sell side, composition not reported

2% from mid

Buy side
3.87 USDC (shortened; full value 3.8700215378226073311262293528 USDC)
Sell side
3.88 USDC (shortened; full value 3.8855009242628984586891096878271012454761072195 USDC)

5% from mid

Buy side
9.60 USDC (shortened; full value 9.6045965032189968368678853559 USDC)
Sell side
9.78 USDC (shortened; full value 9.788867931976199530702355782457664636862953599517 USDC)

10% from mid

Buy side
18.98 USDC (shortened; full value 18.9831074481412745977855222745 USDC)
Sell side
19.83 USDC (shortened; full value 19.838909802764774910609949070694878370154380976828 USDC)

Bars share one scale. The venue split decomposes the buy side; the sell side is drawn as an outline because its composition is not reported.