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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

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
2026-10-26T22:53:33Z — 2026-11-02T22:08:34Z
Cost to move +50%
0 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.

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
0.00087 USDC (shortened; full value 0.0008712640426461375637265971 USDC)
Sell side
0.00087 USDC (shortened; full value 0.000874748918776525595522380013324467022453798 USDC)

5% from mid

Buy side
0.0021 USDC (shortened; full value 0.0021622979344160734182270469 USDC)
Sell side
0.0022 USDC (shortened; full value 0.002203783228817588728384983818010743891369219588 USDC)

10% from mid

Buy side
0.0042 USDC (shortened; full value 0.0042736968710926315225900859 USDC)
Sell side
0.0044 USDC (shortened; full value 0.004466364980244412673387093570458771809837058992 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.