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keel
Ledger
64,751,045
Methodology
1.0.8-draft
Age
10s

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
1,411.95 USDC (shortened; full value 1411.956257792961606121939879036146586858921399358028 USDC)Limited by liquidation depth
Depth within 5%
buy1,505.74 USDC (shortened; full value 1505.7424016753518678309553988353 USDC)sell1,633.78 USDC (shortened; full value 1633.782095041535188896391770911963754733855290684424 USDC)
Cost to move +50%
24,757.92 USDC (shortened; full value 24757.92079481005601674502488 USDC)Reachable through the order book
Checks
3 triggered3 not evaluated

History

Window
Resolution
Source

Collateral ceiling

The most this asset could back at each reading: the lower of the liquidation and manipulation limits.

Lower at the end of the window than at its start

Lowest
1,172.39 USDC (shortened; full value 1172.39363613646027300421029862355157386099226605273 USDC)
Highest
1,732.31 USDC (shortened; full value 1732.317347469348049631840919640322484400345839028547 USDC)
2026-09-26T15:50:46Z — 2026-10-03T15:08:32Z
Max safe collateral
1,342.04 USDC (shortened; full value 1342.042474726335532983437712328369788298807029198765 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%126,406.589725 USDC (shortened; full value 126406.58972597597597595 USDC)34,948.29 USDC (shortened; full value 34948.2994849859943033865869717708 USDC)24,757.92 USDC (shortened; full value 24757.92079481005601674502488 USDC)
+100%168,542.119634 USDC (shortened; full value 168542.1196346346346346 USDC)74,517.09 USDC (shortened; full value 74517.0924255235239244603838136706 USDC)55,659.01 USDC (shortened; full value 55659.01667871005601674502488 USDC)
+1,000%926,981.657990 USDC (shortened; full value 926981.6579904904904903 USDC)162,266.47 USDC (shortened; full value 162266.4759450795878991678744277056 USDC)56,378.06 USDC (shortened; full value 56378.06227871005601674502488 USDC)
+10,000%8,511,377.041549 USDC (shortened; full value 8511377.0415490490490473 USDC)470,355.09 USDC (shortened; full value 470355.0906206563758942630954689408 USDC)56,438.06 USDC (shortened; full value 56438.06227871005601674502488 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