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keel
Ledger
64,751,046
Methodology
1.0.8-draft
Age
6s

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
3.56 USDC (shortened; full value 3.5604605265546535880679486573 USDC)
Highest
360.70 USDC (shortened; full value 360.7037138708367144281429024649 USDC)
2026-09-11T17:47:56Z — 2026-10-02T10:38:32ZOne scale across every line on this chart
2% from mid
4.10 USDC (shortened; full value 4.1063548970541034037796452189 USDC)
5% from mid
350.68 USDC (shortened; full value 350.6882269245537160410633363223 USDC)
10% from mid
360.63 USDC (shortened; full value 360.6394564974876861775675090727 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.

10.41 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.