$BTC

🔥Bitcoin's Stablecoin Supply Ratio (SSR) just hit a 2-year low, similar to the level seen in June 2022.

Abundant stablecoin supply: A low SSR indicates that the amount of stablecoins in the market is very large compared to Bitcoin's market capitalization.

High buying potential: This large amount of stablecoins represents significant potential buying power in the market. Many investors are holding stablecoins, ready to convert to Bitcoin when they see the right opportunity.

Positive sign: Historically, periods of low SSR have been accompanied by subsequent Bitcoin price increases, as the chart shows with the green arrows.

Reversal Possibility: This situation suggests that the market may be in an accumulation phase, with upside potential in the near future

In short, the current low SSR reflects a large amount of “ammunition” in the form of stablecoins waiting for an opportunity to enter the market.