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keel
Ledger
64,752,305
Methodology
1.0.8-draft
Age
9s

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
1,388.39 USDC (shortened; full value 1388.3982730510385119836275639580514750244577269670795 USDC)Limited by liquidation depth
Depth within 5%
buy1,564.41 USDC (shortened; full value 1564.4196029170526018470300912929 USDC)sell1,585.21 USDC (shortened; full value 1585.216893529971726521979338324150600942080117846548 USDC)
Cost to move +50%
25,056.56 USDC (shortened; full value 25056.56650343686517677808187 USDC)Reachable through the order book
Checks
3 triggered3 not evaluated

Every stored reading from this source, whenever it was taken

A reconstruction is written where a replay ran rather than on the scan's cadence, so there is no window to choose: the engine returns the readings it holds and the axis below is labelled from them.

No readings were stored in this range from this source

The engine holds no stored reading for Trades implied on this asset. A reconstruction exists only where keel replay has been run, and it has been run on one pair.

Checks

What fires now, how long it has been firing across the window above, and what could not run.

Triggered3

  • One holder owns most of it
  • Thin depth at 5%
  • Supply is concentrated

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.

The ceiling is the lower of two independent limits. Which one binds is the part a lender acts on, so both are shown.

1,388.39 USDC (shortened; full value 1388.3982730510385119836275639580514750244577269670795 USDC)

Limited by liquidation depth

Liquidation termbinds
1,388.39 USDC (shortened; full value 1388.3982730510385119836275639580514750244577269670795 USDC)

Sell-side depth at the liquidation delta, times the haircut.

Manipulation term
6,264.14 USDC (shortened; full value 6264.1416258592162941945204675 USDC)

Order-book-only manipulation cost at the critical delta, times the safety margin.