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keel
Ledger
64,752,485
Methodology
1.0.8-draft
Age
8s

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
1,383.48 USDC (shortened; full value 1383.484887169794235976099867115528556855378007379609 USDC)Limited by liquidation depth
Depth within 5%
buy1,575.51 USDC (shortened; full value 1575.5132973759287031423747353178 USDC)sell1,575.12 USDC (shortened; full value 1575.120845287194300050954708611241362483573736384469 USDC)
Cost to move +50%
25,056.98 USDC (shortened; full value 25056.98209878813348340829474 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
2,615.67 USDC (shortened; full value 2615.67606333944048558274429727301810800577141944137 USDC)
2026-09-11T17:47:56Z — 2026-10-02T10:38:32Z
Max safe collateral
1,524.00 USDC (shortened; full value 1524.006256791308246758942539704833562792435116498786 USDC)
498 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.
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREME146 of 498
Supply is concentratednowHOLDER_CONCENTRATION_HIGH146 of 498
Nothing tradable within 2%ZERO_DEPTH_2PCT40 of 498

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%126,774.177920 USDC (shortened; full value 126774.1779204204204204 USDC)35,329.89 USDC (shortened; full value 35329.8927399281606705851541041673 USDC)25,056.98 USDC (shortened; full value 25056.98209878813348340829474 USDC)
+100%169,032.237227 USDC (shortened; full value 169032.2372272272272272 USDC)74,911.28 USDC (shortened; full value 74911.2862454099473303063059676326 USDC)55,958.07 USDC (shortened; full value 55958.07798268813348340829474 USDC)
+1,000%929,677.304749 USDC (shortened; full value 929677.3047497497497496 USDC)162,787.18 USDC (shortened; full value 162787.1891181356316296878761647846 USDC)56,677.12 USDC (shortened; full value 56677.12358268813348340829474 USDC)
+10,000%8,536,127.979974 USDC (shortened; full value 8536127.9799749749749736 USDC)471,323.59 USDC (shortened; full value 471323.5968509163389040052247355683 USDC)56,737.12 USDC (shortened; full value 56737.12358268813348340829474 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