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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

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 — 2026-10-03T18:08:27Z
Max safe collateral
1,390.41 USDC (shortened; full value 1390.4144889799744515863120675429419947115765805468275 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.

The engine's own notes on the limits of this computation, verbatim and in the order served.

  1. maxReachablePrice and costToMaxReachablePrice are null because an active pool is present: under a constant product curve the price tends to infinity as the base reserve tends to zero, so every target is reachable and a highest price has no meaning