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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
14,675.45 USDC (shortened; full value 14675.45277371375457038141548 USDC)
Highest
25,056.33 USDC (shortened; full value 25056.33363850913124914186317 USDC)
2026-09-26T23:50:46Z — 2026-10-03T16:08:27Z
Cost to move +50%
25,056.33 USDC (shortened; full value 25056.33363850913124914186317 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