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keel
Ledger
64,750,326
Methodology
1.0.8-draft
Age
5s

BTCLN against USDC — what depth stands behind this price?

All assets

BTCLN / USDC

GDPK…VBVT

Risk band

High

partial confidence

A floor: the real band can only be worse.

Max safe collateral
10.41 USDC (shortened; full value 10.419248688805503458343170222852565260614895006268 USDC)Limited by liquidation depth
Depth within 5%
buy10.08 USDC (shortened; full value 10.0885284359741717953639804706 USDC)sell10.28 USDC (shortened; full value 10.282082014718234954994098250066435974476291391354 USDC)
Cost to move +50%
62,969.98 USDC (shortened; full value 62969.98700670012525486444238 USDC)Reachable through the order book
Checks
4 triggered3 not evaluated

History

Window
Resolution
Source

Buy-side depth

What an order can absorb before the price moves against a buyer. The rungs are nested, so one scale covers all three.

Higher at the end of the window than at its start

Lowest
4.01 USDC (shortened; full value 4.0122827571416606169234059312 USDC)
Highest
360.65 USDC (shortened; full value 360.651514544739761213487307825 USDC)
2026-09-26T14:50:51Z — 2026-10-03T14:08:32ZOne scale across every line on this chart
2% from mid
4.06 USDC (shortened; full value 4.0650241815310183187427063721 USDC)
5% from mid
10.08 USDC (shortened; full value 10.0885494998589633743474399662 USDC)
10% from mid
360.43 USDC (shortened; full value 360.4367223767559663065391024372 USDC)
169 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.
Price sources disagreenowPRICE_SOURCE_CONFLICTthroughout
Extreme spreadnowSPREAD_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
No genuine trade in 7 daysNO_GENUINE_TRADE_7D82 of 169

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 ceiling is the lower of two independent limits. Which one binds is the part a lender acts on, so both are shown.

10.41 USDC (shortened; full value 10.419248688805503458343170222852565260614895006268 USDC)

Limited by liquidation depth

Liquidation termbinds
10.41 USDC (shortened; full value 10.419248688805503458343170222852565260614895006268 USDC)

Sell-side depth at the liquidation delta, times the haircut.

Manipulation term
15,742.49 USDC (shortened; full value 15742.496751675031313716110595 USDC)

Order-book-only manipulation cost at the critical delta, times the safety margin.