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keel
Ledger
64,749,246
Methodology
1.0.8-draft
Age
3s

BTC against USDC — what depth stands behind this price?

All assets

BTC / USDC

GDPJ…2MZM

Risk band

High

partial confidence

A floor: the real band can only be worse.

Max safe collateral
1,337.52 USDC (shortened; full value 1337.52237237538070118843920508543928139449383047822 USDC)Limited by liquidation depth
Depth within 5%
buy2,274.25 USDC (shortened; full value 2274.2586459029539332880749162597 USDC)sell1,480.93 USDC (shortened; full value 1480.932447442788042464875227838987238108636863193736 USDC)
Cost to move +50%
24,833.33 USDC (shortened; full value 24833.33469514043357227277795 USDC)Reachable through the order book
Checks
3 triggered3 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.

Higher at the end of the window than at its start

Lowest
0 USDC
Highest
22,010.98 USDC (shortened; full value 22010.9800859516168351456728932719 USDC)
2026-09-26T13:50:49Z — 2026-10-03T12:38:32ZOne scale across every line on this chart
2% from mid
983.28 USDC (shortened; full value 983.2811619971184906685624899719 USDC)
5% from mid
2,284.82 USDC (shortened; full value 2284.8247657633292978319217045347 USDC)
10% from mid
21,909.84 USDC (shortened; full value 21909.8478031955114150422451485434 USDC)
168 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.
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
Nothing tradable within 2%ZERO_DEPTH_2PCT3 of 168

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
972.88 USDC (shortened; full value 972.8882402011359963222241911167 USDC)
Sell side
402.40 USDC (shortened; full value 402.403925461448508812264734554672752165738057496344 USDC)

5% from mid

Buy side
2,274.25 USDC (shortened; full value 2274.2586459029539332880749162597 USDC)
Sell side
1,480.93 USDC (shortened; full value 1480.932447442788042464875227838987238108636863193736 USDC)

10% from mid

Buy side
21,898.99 USDC (shortened; full value 21898.9984295713698621586650422984 USDC)
Sell side
2,675.04 USDC (shortened; full value 2675.04474475076140237687841017087856278898766095644 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.