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keel
Ledger
64,750,867
Methodology
1.0.8-draft
Age
6s

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 39.6974813289573562658280683066 USDC)sell40.45 USDC (shortened; full value 40.459107039142010659430106372028274418408432657717 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
79.10 USDC (shortened; full value 79.1027369424103569247763543827 USDC)
2026-10-02T15:53:37Z — 2026-10-03T14:53:32ZOne scale across every line on this chart
2% from mid
15.99 USDC (shortened; full value 15.9954775496176646291567705666 USDC)
5% from mid
39.69 USDC (shortened; full value 39.6974813289573562658280683066 USDC)
10% from mid
78.46 USDC (shortened; full value 78.4605114057228156828887728162 USDC)
24 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

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 15.9954775496176646291567705666 USDC)
Sell side
16.05 USDC (shortened; full value 16.0594561544703612403872029698635909844881969195 USDC)

5% from mid

Buy side
39.69 USDC (shortened; full value 39.6974813289573562658280683066 USDC)
Sell side
40.45 USDC (shortened; full value 40.459107039142010659430106372028274418408432657717 USDC)

10% from mid

Buy side
78.46 USDC (shortened; full value 78.4605114057228156828887728162 USDC)
Sell side
81.99 USDC (shortened; full value 81.997692172536896762565263498364755878694277905628 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.