Skip to content
keel
Ledger
64,754,106
Methodology
1.0.8-draft
Age
4s

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
1,380.17 USDC (shortened; full value 1380.179891947867195233300310976703948604402922189334 USDC)Limited by liquidation depth
Depth within 5%
buy2,492.40 USDC (shortened; full value 2492.403980746319842565525018007 USDC)sell1,566.66 USDC (shortened; full value 1566.669649745087855483008927251272221517588433725884 USDC)
Cost to move +50%
25,110.40 USDC (shortened; full value 25110.40361084274530432647353 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
531.98 USDC (shortened; full value 531.9814715422266774139025094218 USDC)
Highest
21,853.79 USDC (shortened; full value 21853.7961136746969305393415957871 USDC)
2026-10-02T23:53:32Z — 2026-10-03T19:23:27ZOne scale across every line on this chart
2% from mid
827.19 USDC (shortened; full value 827.1941248797083130002678878498 USDC)
5% from mid
1,519.97 USDC (shortened; full value 1519.979299376306863540381320097 USDC)
10% from mid
21,853.79 USDC (shortened; full value 21853.7961136746969305393415957871 USDC)
2 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

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.

1,380.17 USDC (shortened; full value 1380.179891947867195233300310976703948604402922189334 USDC)

Limited by liquidation depth

Liquidation termbinds
1,380.17 USDC (shortened; full value 1380.179891947867195233300310976703948604402922189334 USDC)

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

Manipulation term
6,277.60 USDC (shortened; full value 6277.6009027106863260816183825 USDC)

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