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keel
Ledger
64,752,305
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
1,388.39 USDC (shortened; full value 1388.3982730510385119836275639580514750244577269670795 USDC)Limited by liquidation depth
Depth within 5%
buy1,564.41 USDC (shortened; full value 1564.4196029170526018470300912929 USDC)sell1,585.21 USDC (shortened; full value 1585.216893529971726521979338324150600942080117846548 USDC)
Cost to move +50%
25,056.56 USDC (shortened; full value 25056.56650343686517677808187 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
1,368.27 USDC (shortened; full value 1368.272190040843482864152338952861660395302736429554 USDC)
Highest
1,555.86 USDC (shortened; full value 1555.867810483483972226914335055575300753788766726516 USDC)
2026-10-02T23:53:32Z — 2026-10-03T16:53:32Z
Max safe collateral
1,368.27 USDC (shortened; full value 1368.272190040843482864152338952861660395302736429554 USDC)
2 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
871.56 USDC (shortened; full value 871.5665713122216185813882025288 USDC)
Sell side
673.29 USDC (shortened; full value 673.29706211441590426317793490057907849037565574124 USDC)

5% from mid

Buy side
1,564.41 USDC (shortened; full value 1564.4196029170526018470300912929 USDC)
Sell side
1,585.21 USDC (shortened; full value 1585.216893529971726521979338324150600942080117846548 USDC)

10% from mid

Buy side
21,898.34 USDC (shortened; full value 21898.3473929435635508266370630134 USDC)
Sell side
2,776.79 USDC (shortened; full value 2776.796546102077023967255127916102950048915453934159 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.