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keel
Ledger
65,278,215
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 9.919673542844253649012666031466658095172711858856 USDC)Limited by liquidation depth
Depth within 5%
buy9.60 USDC (shortened; full value 9.6048082046735184107316317847 USDC)sell9.78 USDC (shortened; full value 9.789083695080610451660904666249975914051284308668 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
3.87 USDC (shortened; full value 3.8701068396037193515935915918 USDC)
Highest
18.98 USDC (shortened; full value 18.9837596949275740592608247153 USDC)
2026-11-02T23:53:34Z — 2026-11-03T03:23:34ZOne scale across every line on this chart
2% from mid
3.87 USDC (shortened; full value 3.8701068396037193515935915918 USDC)
5% from mid
9.60 USDC (shortened; full value 9.6048082046735184107316317847 USDC)
10% from mid
18.98 USDC (shortened; full value 18.9835258677445097715638384772 USDC)
2 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.
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.

An averaging oracle makes an attacker outweigh genuine trading as well as move the book. A market with no genuine volume has no such defence.

Cost of a 50% move, order book only
21,000.07 USDC (shortened; full value 21000.07406870005819486444238 USDC)

The target is reachable through the order book

Genuine volume in the oracle window
0 USDC

Over the last 900 seconds (15 minutes), after the genuine-trade filter

Cost against genuine volume
not computed

Below 1, moving the price is cheaper than all genuine trading across the window. Not computed when there was no genuine volume or the target is unreachable

Total attack cost
21,000.07 USDC (shortened; full value 21000.07406870005819486444238 USDC)

The move, plus the genuine volume an averaging oracle forces an attacker to outweigh