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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

Price

The midpoint the engine read at each scan. It says what the market quotes, not what it can absorb.

Higher at the end of the window than at its start

Lowest
73,431.58958958 USDC (shortened; full value 73431.5895895895895896 USDC)
Highest
86,891.0061 USDC
2026-09-11T17:47:56Z — 2026-10-02T10:38:32Z
Mid price
85,334.50255 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.

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