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keel
Ledger
64,750,326
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
1,341.12 USDC (shortened; full value 1341.12615592481670648465909765457321358458736742106 USDC)Limited by liquidation depth
Depth within 5%
buy2,266.35 USDC (shortened; full value 2266.3513234811350334744779921653 USDC)sell1,488.31 USDC (shortened; full value 1488.317108802189100238261722217246269137490930414572 USDC)
Cost to move +50%
24,833.50 USDC (shortened; full value 24833.50627816061844987137122 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)
2026-09-26T14:50:46Z — 2026-10-03T14:08:27ZOne scale across every line on this chart
2% from mid
962.86 USDC (shortened; full value 962.8695925364944293317827470436 USDC)
5% from mid
2,264.10 USDC (shortened; full value 2264.1029964999783607679905187932 USDC)
10% from mid
21,888.61 USDC (shortened; full value 21888.6187230568922107820878793527 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.
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 169

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.

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%127,221.629721 USDC (shortened; full value 127221.6297216297216297 USDC)35,207.05 USDC (shortened; full value 35207.0552624829422488974951337066 USDC)24,833.50 USDC (shortened; full value 24833.50627816061844987137122 USDC)
+100%169,628.839628 USDC (shortened; full value 169628.8396288396288396 USDC)74,803.74 USDC (shortened; full value 74803.7458880218440590448245100092 USDC)55,734.60 USDC (shortened; full value 55734.60216206061844987137122 USDC)
+1,000%932,958.617958 USDC (shortened; full value 932958.6179586179586178 USDC)162,833.24 USDC (shortened; full value 162833.2435990381975057135540629619 USDC)56,453.64 USDC (shortened; full value 56453.64776206061844987137122 USDC)
+10,000%8,566,256.401256 USDC (shortened; full value 8566256.4012564012563998 USDC)471,913.27 USDC (shortened; full value 471913.273319173764259597425400721 USDC)56,513.64 USDC (shortened; full value 56513.64776206061844987137122 USDC)

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