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keel
Ledger
65,102,766
Methodology
1.0.8-draft
Age
6s

eBTC against USDC — what depth stands behind this price?

All assets

eBTC / USDC

GCEA…EBTC

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
0 USDCLimited by manipulation cost
Depth within 5%
buy0.0041 USDC (shortened; full value 0.0041375894909065328110297689 USDC)sell0.0042 USDC (shortened; full value 0.004216972223235335157813829417068310415017040655 USDC)
Cost to move +50%
0 USDCReachable at no cost: nothing stands in the way
Checks
5 triggered5 not evaluated

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.

Lower at the end of the window than at its start

Lowest
0.0016 USDC (shortened; full value 0.0016671767980164624554272938 USDC)
Highest
0.01 USDC (shortened; full value 0.0152406436180600921128281359 USDC)
2026-10-16T23:53:32Z — 2026-10-23T23:38:33ZOne scale across every line on this chart
2% from mid
0.0016 USDC (shortened; full value 0.0016671767980164624554272938 USDC)
5% from mid
0.0041 USDC (shortened; full value 0.0041375894909065328110297689 USDC)
10% from mid
0.0081 USDC (shortened; full value 0.0081777829871202408138554227 USDC)
169 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.
Cheap to move the pricenowMANIPULATION_CHEAPthroughout
Cheap next to real tradingnowMANIPULATION_RATIO_LOWthroughout
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout

Not evaluated5

  • Price sources disagree
  • Extreme spread
  • 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.

Volume each side can absorb before the price moves 2, 5 or 10 per cent. Buy side bears on oracle manipulation, sell side on liquidation.

  • SDEX
  • AMM
  • Sell side, composition not reported

2% from mid

Buy side
0.0016 USDC (shortened; full value 0.0016671767980164624554272938 USDC)
Sell side
0.0016 USDC (shortened; full value 0.0016738451606989150836594782895187810322929425 USDC)

5% from mid

Buy side
0.0041 USDC (shortened; full value 0.0041375894909065328110297689 USDC)
Sell side
0.0042 USDC (shortened; full value 0.004216972223235335157813829417068310415017040655 USDC)

10% from mid

Buy side
0.0081 USDC (shortened; full value 0.0081777829871202408138554227 USDC)
Sell side
0.0085 USDC (shortened; full value 0.00854645630034454475996492845051731679353205602 USDC)

Bars share one scale. The venue split decomposes the buy side; the sell side is drawn as an outline because its composition is not reported.