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keel
Ledger
64,753,386
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%
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

Price

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

Lower at the end of the window than at its start

Lowest
0.00173438 USDC (shortened; full value 0.0017343838230258 USDC)
Highest
0.00185953 USDC (shortened; full value 0.0018595383733398 USDC)
2026-09-26T18:50:51Z — 2026-10-03T18:23:32Z
Mid price
0.00173615 USDC (shortened; full value 0.0017361506761835 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
No genuine trade in 30 daysNO_GENUINE_TRADE_30D78 of 169
No genuine trade in 7 daysNO_GENUINE_TRADE_7D78 of 169

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.

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

Largest holder
94.6412 % (shortened; full value 94.64128484529961163701059547 %)
Top ten holders
98.3487 % (shortened; full value 98.34873055061302179074623392 %)
Concentration index
8,960.70 (shortened; full value 8960.7028473936541681771857820000600621625263377560705287)

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