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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

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
23,799.00 USDC (shortened; full value 23799.00493635454854517831787 USDC)
Highest
25,056.56 USDC (shortened; full value 25056.56650343686517677808187 USDC)
2026-10-02T17:53:32Z — 2026-10-03T17:08:27Z
Cost to move +50%
25,056.56 USDC (shortened; full value 25056.56650343686517677808187 USDC)
25 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

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
882.50 USDC (shortened; full value 882.5066160467992608689747674658 USDC)
Sell side
663.04 USDC (shortened; full value 663.042841606275988139128330526718987068689725197202 USDC)

5% from mid

Buy side
1,575.51 USDC (shortened; full value 1575.5132973759287031423747353178 USDC)
Sell side
1,575.12 USDC (shortened; full value 1575.120845287194300050954708611241362483573736384469 USDC)

10% from mid

Buy side
21,909.69 USDC (shortened; full value 21909.6923711732008182026823770738 USDC)
Sell side
2,766.96 USDC (shortened; full value 2766.969774339588471952199734231057113710756014759218 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.