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keel
Ledger
65,274,974
Methodology
1.0.8-draft
Age
8s

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
9.92 USDC (shortened; full value 9.92002691885496247053149844896208523018979560934 USDC)Limited by liquidation depth
Depth within 5%
buy9.60 USDC (shortened; full value 9.6051503640005808681184059857 USDC)sell9.78 USDC (shortened; full value 9.78943241898889434171896110436557683611942161577 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.

Lower at the end of the window than at its start

Lowest
3.96 USDC (shortened; full value 3.9616856425629819759656515821 USDC)
Highest
360.66 USDC (shortened; full value 360.6683123082915639390444057904 USDC)
2026-10-03T23:53:32Z — 2026-10-24T18:53:28ZOne scale across every line on this chart
2% from mid
3.96 USDC (shortened; full value 3.9616856425629819759656515821 USDC)
5% from mid
9.83 USDC (shortened; full value 9.8320866010865665017900642336 USDC)
10% from mid
19.43 USDC (shortened; full value 19.4327318054500380676222408264 USDC)
22 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
Extreme spreadSPREAD_EXTREMEthroughout

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 3.8702447073386788372939096601 USDC)
Sell side
3.88 USDC (shortened; full value 3.885724986410917939908252996922512603569482295 USDC)

5% from mid

Buy side
9.60 USDC (shortened; full value 9.6051503640005808681184059857 USDC)
Sell side
9.78 USDC (shortened; full value 9.78943241898889434171896110436557683611942161577 USDC)

10% from mid

Buy side
18.98 USDC (shortened; full value 18.9842021322047433116238490494 USDC)
Sell side
19.84 USDC (shortened; full value 19.84005383770992494106299689792417046037959121868 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.