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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

Collateral ceiling

The most this asset could back at each reading: the lower of the liquidation and manipulation limits.

Higher at the end of the window than at its start

Lowest
9.78 USDC (shortened; full value 9.783994991230110721526205689399562965403293174856 USDC)
Highest
11.70 USDC (shortened; full value 11.7049962422837982849181564708210854066209328592555 USDC)
2026-09-11T17:47:56Z — 2026-10-02T10:38:32Z
Max safe collateral
10.52 USDC (shortened; full value 10.525207364384836937443959080901822744776733618606 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.

Read cost together with reachability: a figure on an unreachable rung says how far the book goes, not what the move costs.

Cost to move the price by each delta, through all venues and through the order book alone, with whether the target is reachable at all.
MoveTarget priceCost, all venuesCost, order book only
+50%0.001273 USDC (shortened; full value 0.0012731489502519 USDC)63,061.68 USDC (shortened; full value 63061.6866401912885161205936938723 USDC)62,969.98 USDC (shortened; full value 62969.98700670012525486444238 USDC)
+100%0.001697 USDC (shortened; full value 0.0016975319336692 USDC)63,138.99 USDC (shortened; full value 63138.993007244186659299856493051 USDC)62,969.98 USDC (shortened; full value 62969.98700670012525486444238 USDC)
+1,000%0.009336 USDC (shortened; full value 0.0093364256351806 USDC)63,915.20 USDC (shortened; full value 63915.2083276440625009949758952494 USDC)62,969.98 USDC (shortened; full value 62969.98700670012525486444238 USDC)
+10,000%0.085725 USDC (shortened; full value 0.0857253626502946 USDC)66,782.80 USDC (shortened; full value 66782.8054964113412284270292720366 USDC)63,090.30 USDC (shortened; full value 63090.30620840108525486444238 USDC)

Reachability on the all-venues ladder is unconditionally true whenever an active pool exists, because a constant product curve has no upper price bound. The order-book-only column is the one that answers whether a target is attainable, and it is the one Keel itself uses.

Highest price the book can reach
not computed

Absorbing every ask. Not computed when an active pool exists, because a constant product curve has no highest price

Cost to reach it
not computed

Every ask below that price. Catches an attack that lands between two rungs of the ladder