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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

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
1,328.79 USDC (shortened; full value 1328.794471181009673486604787380580952315149660437327 USDC)
Highest
1,664.34 USDC (shortened; full value 1664.340107519604794948752336779435528185708182267978 USDC)
2026-09-26T23:50:46Z — 2026-10-03T15:53:22Z
Max safe collateral
1,418.38 USDC (shortened; full value 1418.387944303713816588499220032039401983346951629497 USDC)
8 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.

Concentration and wash trading bound how much of the depth is real.

Largest holder
72.5911 % (shortened; full value 72.59116835384177089494976142 %)
Top ten holders
89.8977 % (shortened; full value 89.89774105332167434271042622 %)
Concentration index
5,396.45 (shortened; full value 5396.4517523888159531368948879078379047136157910944099762)

Herfindahl–Hirschman, over the holder distribution

Volume excluded as not genuine
not computed

the newest trade reading is anchored more than 48h0m0s ago, so it was not used

Volume to supply, 30 day
not computed

the newest trade reading is anchored more than 48h0m0s ago, so it was not used

Last genuine trade
not computed

the newest trade reading is anchored more than 48h0m0s ago, so it was not used