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keel
Ledger
64,751,766
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
10.40 USDC (shortened; full value 10.406312603978267180976855627373238303815283447202 USDC)Limited by liquidation depth
Depth within 5%
buy10.07 USDC (shortened; full value 10.0760029618469617892515198128 USDC)sell10.26 USDC (shortened; full value 10.269316230052215599353275707745126704411043192931 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

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
21,000.07 USDC (shortened; full value 21000.07407050010589486444238 USDC)
Highest
62,969.98 USDC (shortened; full value 62969.98700780011350486432576 USDC)
2026-09-11T17:47:56Z — 2026-10-02T10:38:32Z
Cost to move +50%
62,969.98 USDC (shortened; full value 62969.98700670012525486444238 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
Price sources disagreenowPRICE_SOURCE_CONFLICT497 of 498
Extreme spreadnowSPREAD_EXTREME497 of 498
Supply is concentratednowHOLDER_CONCENTRATION_HIGH146 of 498
No genuine trade in 7 daysNO_GENUINE_TRADE_7D106 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.

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

10.40 USDC (shortened; full value 10.406312603978267180976855627373238303815283447202 USDC)

Limited by liquidation depth

Liquidation termbinds
10.40 USDC (shortened; full value 10.406312603978267180976855627373238303815283447202 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.