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keel
Ledger
64,751,946
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 10.408039418480842535855414815410586376730136781706 USDC)Limited by liquidation depth
Depth within 5%
buy10.07 USDC (shortened; full value 10.0776749646718782965476976594 USDC)sell10.27 USDC (shortened; full value 10.271020311495128177630865663501673485324409465343 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
10.33 USDC (shortened; full value 10.332416540329002389541455988385105558674427367232 USDC)
Highest
10.41 USDC (shortened; full value 10.410549895411544482206998382025636776074129478348 USDC)
2026-09-26T23:50:46Z — 2026-10-03T16:23:32Z
Max safe collateral
10.40 USDC (shortened; full value 10.406312603978267180976855627373238303815283447202 USDC)
8 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_7D4 of 8

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.

Concentration and wash trading bound how much of the depth is real.

Largest holder
33.4843 % (shortened; full value 33.48434148467021310319719765 %)
Top ten holders
83.8071 % (shortened; full value 83.80716341420932386572963348 %)
Concentration index
1,705.33 (shortened; full value 1705.332881329085565451558667137886411247919759452243004)

Herfindahl–Hirschman, over the holder distribution

Volume excluded as not genuine
not computed

the newest trade reading is anchored more than 48h0m0s ago, so it was not used

Volume to supply, 30 day
not computed

the newest trade reading is anchored more than 48h0m0s ago, so it was not used

Last genuine trade
not computed

the newest trade reading is anchored more than 48h0m0s ago, so it was not used