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keel
Ledger
64,750,146
Methodology
1.0.8-draft
Age
8s

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%
buy39.69 USDC (shortened; full value 39.6908868295159377062297334889 USDC)sell40.45 USDC (shortened; full value 40.452386019323171605360429088985135272942275823256 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
15.94 USDC (shortened; full value 15.9473447932792390523304236326 USDC)
Highest
80.97 USDC (shortened; full value 80.9738879899526032677235552738 USDC)
2026-09-26T14:50:51Z — 2026-10-03T13:53:37ZOne scale across every line on this chart
2% from mid
15.99 USDC (shortened; full value 15.9928203994853404215555810905 USDC)
5% from mid
39.69 USDC (shortened; full value 39.6908868295159377062297334889 USDC)
10% from mid
78.44 USDC (shortened; full value 78.4474776367954900557577177325 USDC)
168 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
No genuine trade in 30 daysNO_GENUINE_TRADE_30D82 of 168
No genuine trade in 7 daysNO_GENUINE_TRADE_7D82 of 168

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
15.99 USDC (shortened; full value 15.9928203994853404215555810905 USDC)
Sell side
16.05 USDC (shortened; full value 16.056788376286587932757669183980544890572890276 USDC)

5% from mid

Buy side
39.69 USDC (shortened; full value 39.6908868295159377062297334889 USDC)
Sell side
40.45 USDC (shortened; full value 40.452386019323171605360429088985135272942275823256 USDC)

10% from mid

Buy side
78.44 USDC (shortened; full value 78.4474776367954900557577177325 USDC)
Sell side
81.98 USDC (shortened; full value 81.984070811253329209103404253107000709849382556704 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.