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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

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.

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.