CryptoChan
CryptoChan|Apr 09, 2025 08:56
The current Bitcoin SSR indicator has touched the track 🧘 BTC: Stablecoin Supply Ratio (SSR) is an on chain indicator used to analyze the Bitcoin market. It is a ratio obtained by dividing the total supply of Bitcoin by the total supply of major stablecoins such as USDT, USDC, etc. SSR reflects the relative purchasing power of stablecoins relative to Bitcoin When SSR approaches the upper band of its Bollinger Bands, it means that the proportion of the total supply of Bitcoin relative to the total supply of stablecoins is relatively high, that is, the supply of stablecoins is relatively small. It may imply that the market is at the "top" or speculative overheating stage, and investors may have entered the "full position", resulting in insufficient remaining purchasing power When SSR approaches its historical low or lower track, it means that the proportion of the total supply of Bitcoin relative to the total supply of stablecoins is relatively low, that is, the supply of stablecoins is relatively large. Usually associated with potential price increases in Bitcoin, as sufficient stablecoin liquidity provides strong purchasing power support for the market Indicator link: http://charts. (checkonchain.com)/btconchain/stablecoins/stablecoins_ssr/stablecoins_ssr_light.html
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