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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

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 10.540286444561383048717610805100377815962729432578 USDC)
2026-10-04T23:53:32Z — 2026-10-24T19:53:33Z
Max safe collateral
3.67 USDC (shortened; full value 3.677186330037307621268471417126194347829413788712 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.

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 3.8701545091560863318271572428 USDC)
Sell side
3.88 USDC (shortened; full value 3.8856344274542338440830772351641696112316361075 USDC)

5% from mid

Buy side
9.60 USDC (shortened; full value 9.6049265106859008409982093822 USDC)
Sell side
9.78 USDC (shortened; full value 9.789204270881848079546373904647197872098602513645 USDC)

10% from mid

Buy side
18.98 USDC (shortened; full value 18.9837596949275740592608247153 USDC)
Sell side
19.83 USDC (shortened; full value 19.83959145434013806497148725204614663887980196518 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.