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keel
Ledger
65,275,698
Methodology
1.0.8-draft
Age
4s

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 0.0021474065803042468838245907 USDC)sell0.0021 USDC (shortened; full value 0.00218860617299947389373387184338397396945315384 USDC)
Cost to move +50%
0 USDCReachable at no cost: nothing stands in the way
Checks
5 triggered5 not evaluated

History

Window
Resolution
Source

Cost to move the price 50%

The stored series carries one manipulation rung, the +50% move. A reading the engine could not produce breaks the line rather than sitting at zero.

Unchanged across the window

Lowest
0 USDC
Highest
0 USDC
2026-10-04T00:53:37Z — 2026-10-24T19:53:33Z
Cost to move +50%
0 USDC
500 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
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGH428 of 500
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREME404 of 500

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%0.000168 USDC (shortened; full value 0.0001687686101625 USDC)0.01 USDC (shortened; full value 0.0195431107022720202614401906 USDC)free to reach
+100%0.000225 USDC (shortened; full value 0.00022502481355 USDC)0.03 USDC (shortened; full value 0.0360187151489446823981055222 USDC)free to reach
+1,000%0.001237 USDC (shortened; full value 0.001237636474525 USDC)0.20 USDC (shortened; full value 0.2014464421511050605003693165 USDC)free to reach
+10,000%0.011363 USDC (shortened; full value 0.011363753084275 USDC)0.78 USDC (shortened; full value 0.7869488634390137440992270721 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