Skip to content
keel
Ledger
64,751,585
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
1,369.45 USDC (shortened; full value 1369.456147519577307529920841225972515274626692873363 USDC)Limited by liquidation depth
Depth within 5%
buy1,605.52 USDC (shortened; full value 1605.520086116250732677604599824 USDC)sell1,546.25 USDC (shortened; full value 1546.252329885174589115811841753532408485230122178682 USDC)
Cost to move +50%
25,056.33 USDC (shortened; full value 25056.33363850913124914186317 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.

Lower at the end of the window than at its start

Lowest
3.71 USDC (shortened; full value 3.7134460893019335646341896068 USDC)
Highest
21,587.26 USDC (shortened; full value 21587.2643832612485205934963467257 USDC)
2026-09-11T23:47:54Z — 2026-10-02T10:38:32ZOne scale across every line on this chart
2% from mid
187.93 USDC (shortened; full value 187.9386313098058811172608222728 USDC)
5% from mid
1,474.06 USDC (shortened; full value 1474.0630018800728587097278789373 USDC)
10% from mid
21,587.26 USDC (shortened; full value 21587.2643832612485205934963467257 USDC)
22 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_EXTREME7 of 22
Supply is concentratednowHOLDER_CONCENTRATION_HIGH7 of 22
Nothing tradable within 2%ZERO_DEPTH_2PCT1 of 22

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%126,948.139316 USDC (shortened; full value 126948.1393160660660661 USDC)35,366.17 USDC (shortened; full value 35366.1783651424880170698155181232 USDC)25,056.33 USDC (shortened; full value 25056.33363850913124914186317 USDC)
+100%169,264.185754 USDC (shortened; full value 169264.1857547547547548 USDC)74,953.51 USDC (shortened; full value 74953.5186046803233763568471884607 USDC)55,957.42 USDC (shortened; full value 55957.42952240913124914186317 USDC)
+1,000%930,953.021651 USDC (shortened; full value 930953.0216511511511514 USDC)162,889.13 USDC (shortened; full value 162889.1312562588951503774804389724 USDC)56,676.47 USDC (shortened; full value 56676.47512240913124914186317 USDC)
+10,000%8,547,841.380615 USDC (shortened; full value 8547841.3806151151151174 USDC)471,636.87 USDC (shortened; full value 471636.8712773232625478938375249059 USDC)56,736.47 USDC (shortened; full value 56736.47512240913124914186317 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