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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
15.81 USDC (shortened; full value 15.816895054664425389598469669 USDC)
Highest
80.55 USDC (shortened; full value 80.5511216528146567685237228753 USDC)
2026-09-11T23:47:54Z — 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)
22 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_LOW21 of 22
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREME21 of 22
Supply is concentratednowHOLDER_CONCENTRATION_HIGH21 of 22
No genuine trade in 30 daysNO_GENUINE_TRADE_30D9 of 22
No genuine trade in 7 daysNO_GENUINE_TRADE_7D9 of 22

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.

An averaging oracle makes an attacker outweigh genuine trading as well as move the book. A market with no genuine volume has no such defence.

Cost of a 50% move, order book only
0 USDC

The target is reachable through the order book

Genuine volume in the oracle window
0 USDC

Over the last 900 seconds (15 minutes), after the genuine-trade filter

Cost against genuine volume
not computed

Below 1, moving the price is cheaper than all genuine trading across the window. Not computed when there was no genuine volume or the target is unreachable

Total attack cost
0 USDC

The move, plus the genuine volume an averaging oracle forces an attacker to outweigh