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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

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.

Too few readings in this window to show a direction.

Lowest
3.87 USDC (shortened; full value 3.8701545091560863318271572428 USDC)
Highest
18.98 USDC (shortened; full value 18.9837596949275740592608247153 USDC)
2026-11-02T23:53:34Z — 2026-11-02T23:53:34ZOne scale across every line on this chart
2% from mid
3.87 USDC (shortened; full value 3.8701545091560863318271572428 USDC)
5% from mid
9.60 USDC (shortened; full value 9.6049265106859008409982093822 USDC)
10% from mid
18.98 USDC (shortened; full value 18.9837596949275740592608247153 USDC)
1 reading 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.

Concentration and wash trading bound how much of the depth is real.

Largest holder
33.9440 % (shortened; full value 33.94404828047213107899827679 %)
Top ten holders
84.2820 % (shortened; full value 84.28203149813687608424922848 %)
Concentration index
1,710.33 (shortened; full value 1710.3361327602373745572946043112062705670527302758461895)

Herfindahl–Hirschman, over the holder distribution

Volume excluded as not genuine
not computed

the newest trade reading is anchored more than 48h0m0s ago, so it was not used

Volume to supply, 30 day
not computed

the newest trade reading is anchored more than 48h0m0s ago, so it was not used

Last genuine trade
not computed

the newest trade reading is anchored more than 48h0m0s ago, so it was not used