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keel
Ledger
65,274,435
Methodology
1.0.8-draft
Age
7s

eBTC against USDC — what depth stands behind this price?

All assets

eBTC / USDC

GCEA…EBTC

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
0 USDCLimited by manipulation cost
Depth within 5%
buy0.0021 USDC (shortened; full value 0.0021622979344160734182270469 USDC)sell0.0022 USDC (shortened; full value 0.002203783228817588728384983818010743891369219588 USDC)
Cost to move +50%
0 USDCReachable at no cost: nothing stands in the way
Checks
5 triggered5 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
0.00087 USDC (shortened; full value 0.0008712640426461375637265971 USDC)
Highest
0.0044 USDC (shortened; full value 0.0044687658143411629710776944 USDC)
2026-10-26T22:53:33Z — 2026-11-02T22:08:34ZOne scale across every line on this chart
2% from mid
0.00087 USDC (shortened; full value 0.0008712640426461375637265971 USDC)
5% from mid
0.0021 USDC (shortened; full value 0.0021622979344160734182270469 USDC)
10% from mid
0.0042 USDC (shortened; full value 0.0042736968710926315225900859 USDC)
169 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.
Cheap to move the pricenowMANIPULATION_CHEAPthroughout
Cheap next to real tradingnowMANIPULATION_RATIO_LOWthroughout
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout

Not evaluated5

  • Price sources disagree
  • Extreme spread
  • 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.

Read cost together with reachability: a figure on an unreachable rung says how far the book goes, not what the move costs.

Cost to move the price by each delta, through all venues and through the order book alone, with whether the target is reachable at all.
MoveTarget priceCost, all venuesCost, order book only
+50%0.000171 USDC (shortened; full value 0.0001711209976041 USDC)0.01 USDC (shortened; full value 0.0196786338885113616218394921 USDC)free to reach
+100%0.000228 USDC (shortened; full value 0.0002281613301388 USDC)0.03 USDC (shortened; full value 0.0362684896661951385097801213 USDC)free to reach
+1,000%0.001254 USDC (shortened; full value 0.0012548873157634 USDC)0.20 USDC (shortened; full value 0.2028433878120495603893240783 USDC)free to reach
+10,000%0.011522 USDC (shortened; full value 0.0115221471720094 USDC)0.79 USDC (shortened; full value 0.7924060201325121184527434433 USDC)free to reach

Reachability on the all-venues ladder is unconditionally true whenever an active pool exists, because a constant product curve has no upper price bound. The order-book-only column is the one that answers whether a target is attainable, and it is the one Keel itself uses.

Highest price the book can reach
not computed

Absorbing every ask. Not computed when an active pool exists, because a constant product curve has no highest price

Cost to reach it
not computed

Every ask below that price. Catches an attack that lands between two rungs of the ladder