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keel
Ledger
64,751,765
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
1,372.42 USDC (shortened; full value 1372.42401224535534063503397627618031871899225286366 USDC)Limited by liquidation depth
Depth within 5%
buy1,598.82 USDC (shortened; full value 1598.8240427533442772330164101557 USDC)sell1,552.35 USDC (shortened; full value 1552.350712176675851997140543839502523210287122068348 USDC)
Cost to move +50%
25,056.08 USDC (shortened; full value 25056.08755744224652081484621 USDC)Reachable through the order book
Checks
3 triggered3 not evaluated

History

Window
Resolution
Source

Cost to move the price 50%

The stored series carries one manipulation rung, the +50% move. A reading the engine could not produce breaks the line rather than sitting at zero.

Higher at the end of the window than at its start

Lowest
12,736.71 USDC (shortened; full value 12736.71866358802649297668604 USDC)
Highest
26,986.92 USDC (shortened; full value 26986.92636678430232822908672 USDC)
2026-09-11T17:47:56Z — 2026-10-02T10:38:32Z
Cost to move +50%
24,881.06 USDC (shortened; full value 24881.0664523909767615586395 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%126,913.281958 USDC (shortened; full value 126913.281958708708708725 USDC)35,358.22 USDC (shortened; full value 35358.2231046102699672364579819244 USDC)25,056.08 USDC (shortened; full value 25056.08755744224652081484621 USDC)
+100%169,217.709278 USDC (shortened; full value 169217.7092782782782783 USDC)74,944.37 USDC (shortened; full value 74944.3707299343559912374276719356 USDC)55,957.18 USDC (shortened; full value 55957.18344134224652081484621 USDC)
+1,000%930,697.401030 USDC (shortened; full value 930697.40103053053053065 USDC)162,868.00 USDC (shortened; full value 162868.0086185104774810071257187105 USDC)56,676.22 USDC (shortened; full value 56676.22904134224652081484621 USDC)
+10,000%8,545,494.318553 USDC (shortened; full value 8545494.31855305305305415 USDC)471,573.36 USDC (shortened; full value 471573.3660664757661114516021915808 USDC)56,736.22 USDC (shortened; full value 56736.22904134224652081484621 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