Skip to content
keel
Ledger
64,753,205
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
1,393.05 USDC (shortened; full value 1393.0558625700245037006159901647756905556077244934795 USDC)Limited by liquidation depth
Depth within 5%
buy1,556.34 USDC (shortened; full value 1556.3435449996355102972582468595 USDC)sell1,594.24 USDC (shortened; full value 1594.240927677077757032610873195811103536834951001397 USDC)
Cost to move +50%
25,056.98 USDC (shortened; full value 25056.98575311735370370406675 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.

Volume each side can absorb before the price moves 2, 5 or 10 per cent. Buy side bears on oracle manipulation, sell side on liquidation.

  • SDEX
  • AMM
  • Sell side, composition not reported

2% from mid

Buy side
863.32 USDC (shortened; full value 863.3243855095749351250240324673 USDC)
Sell side
682.15 USDC (shortened; full value 682.150078551814871060386888456130934458877865279015 USDC)

5% from mid

Buy side
1,556.34 USDC (shortened; full value 1556.3435449996355102972582468595 USDC)
Sell side
1,594.24 USDC (shortened; full value 1594.240927677077757032610873195811103536834951001397 USDC)

10% from mid

Buy side
21,890.54 USDC (shortened; full value 21890.5430259882986689753643828031 USDC)
Sell side
2,786.11 USDC (shortened; full value 2786.111725140049007401231980329551381111215448986959 USDC)

Bars share one scale. The venue split decomposes the buy side; the sell side is drawn as an outline because its composition is not reported.