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keel
Ledger
64,752,486
Methodology
1.0.8-draft
Age
7s

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%
buy0.0073 USDC (shortened; full value 0.0073114963448444270445997208 USDC)sell0.0074 USDC (shortened; full value 0.007451772841229919517385654996438623597747259612 USDC)
Cost to move +50%
0 USDCReachable at no cost: nothing stands in the way
Checks
5 triggered5 not evaluated

History

Window
Resolution
Source

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.

Higher at the end of the window than at its start

Lowest
15.66 USDC (shortened; full value 15.662936438999149455727976814 USDC)
Highest
80.97 USDC (shortened; full value 80.9738879899526032677235552738 USDC)
2026-09-11T17:47:56Z — 2026-10-02T10:38:32ZOne scale across every line on this chart
2% from mid
16.15 USDC (shortened; full value 16.1507271225919885819614670257 USDC)
5% from mid
40.08 USDC (shortened; full value 40.0827787985301944048341638678 USDC)
10% from mid
79.22 USDC (shortened; full value 79.2220367089405804539391664591 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.
Cheap to move the pricenowMANIPULATION_CHEAPthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Cheap next to real tradingnowMANIPULATION_RATIO_LOW480 of 498
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREME480 of 498
Supply is concentratednowHOLDER_CONCENTRATION_HIGH480 of 498
No genuine trade in 30 daysNO_GENUINE_TRADE_30D197 of 498
No genuine trade in 7 daysNO_GENUINE_TRADE_7D197 of 498

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.

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%0.002604 USDC (shortened; full value 0.00260422601427525 USDC)0.06 USDC (shortened; full value 0.0665404417482539137033847871 USDC)free to reach
+100%0.003472 USDC (shortened; full value 0.003472301352367 USDC)0.12 USDC (shortened; full value 0.1226366290263438727897884878 USDC)free to reach
+1,000%0.019097 USDC (shortened; full value 0.0190976574380185 USDC)0.68 USDC (shortened; full value 0.6858854485120560908538850221 USDC)free to reach
+10,000%0.175351 USDC (shortened; full value 0.1753512182945335 USDC)2.67 USDC (shortened; full value 2.6794058430232733485015839828 USDC)free to reach

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