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keel
Ledger
64,752,306
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

History

Window
Resolution
Source

Collateral ceiling

The most this asset could back at each reading: the lower of the liquidation and manipulation limits.

Unchanged across the window

Lowest
0 USDC
Highest
0 USDC
2026-09-11T23:47:54Z — 2026-10-02T10:38:32Z
Max safe collateral
0 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.

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
0.0029 USDC (shortened; full value 0.0029460527903255350142501176 USDC)
Sell side
0.0029 USDC (shortened; full value 0.002957836392707067346466594518462831387439402 USDC)

5% from mid

Buy side
0.0073 USDC (shortened; full value 0.0073114963448444270445997208 USDC)
Sell side
0.0074 USDC (shortened; full value 0.007451772841229919517385654996438623597747259612 USDC)

10% from mid

Buy side
0.01 USDC (shortened; full value 0.0144508851230092377786046382 USDC)
Sell side
0.01 USDC (shortened; full value 0.015102364344910150809944508689740536321769433808 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.