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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

Price

The midpoint the engine read at each scan. It says what the market quotes, not what it can absorb.

Higher at the end of the window than at its start

Lowest
0.00075401 USDC (shortened; full value 0.0007540149195833 USDC)
Highest
0.00087633 USDC (shortened; full value 0.0008763363242211 USDC)
2026-09-11T17:47:56Z — 2026-10-02T10:38:32Z
Mid price
0.00086839 USDC (shortened; full value 0.0008683910582501 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.

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