Bitcoin ($BTC) has been showing steady growth in recent months, attracting the attention of investors and traders. However, to properly understand its prospects, it is important to evaluate current metrics that help predict further market behavior. In this article, we will look at two key metrics: Net Realized Profit/Loss and Stablecoin Supply Ratio (SSR) Oscillator. These indicators will allow you to better understand whether you should expect a continuation of the bullish trend and what corrections can be feared in the near future.
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1. Net Realized Profit/Loss: The Calm Before the Storm
Net Realized Profit/Loss is a metric that allows you to assess the sentiment of large investors in the market. It shows the net realized profit or loss recorded by market participants. The higher the net profit, the more likely it is that large investors (the so-called "whales") will start to take profits, which can lead to a drop in the price of Bitcoin.
However, current data shows that there is no significant profit taking in the market. This means that investors are not yet eager to sell at the current price, which confirms that there is no selling pressure. Large capital seems to be expecting further growth, and this is a positive signal for the bulls. Thus, for now, we can expect the bullish trend to continue in the medium term.
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2. Stablecoin Supply Ratio (SSR) Oscillator: Demand for Stablecoins
The Stablecoin Supply Ratio (SSR) Oscillator is the ratio between the supply of stablecoins and the supply of Bitcoin on exchanges. It is an important indicator of purchasing power, as stablecoins are the primary means for buying BTC.
The SSR has now reached 2.35, indicating a decrease in the purchasing power of stablecoins against Bitcoin. This means that more liquidity in the form of stablecoins needs to be attracted to the market for further growth. Without this, it will be difficult to maintain the current bullish trend.
However, this SSR value can also be interpreted as a signal that altcoins have a good chance of growing, following Bitcoin. As long as Bitcoin maintains a bullish trend, some altcoins may show active upward movement.
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Conclusions and forecasts
Analysis of these metrics shows that Bitcoin is in a favorable position to continue its growth. The lack of profit-taking by large investors indicates their confidence in further growth, and the high SSR signals the need for additional stablecoins for purchase. The bullish trend for BTC is expected to continue, but one should be prepared for volatile corrections that will accompany this growth.
Practical recommendations
1. For BTC investors: As long as the metrics are favorable, it may be worth continuing to hold positions. However, it is necessary to monitor the level of stablecoins on exchanges - if they start to flow into the market, this could be an additional catalyst for growth.
2. For Altcoin Traders: This SSR level indicates good prospects for altcoins to grow along with Bitcoin. Consider altcoins with high liquidity and interest from large investors.
3. For long-term investors: The current situation is favorable for holding long-term positions in BTC. But do not forget about diversification - altcoins can also show strong growth in a bull market.
Conclusion
The crypto market remains one of the most volatile and unpredictable, so constant analysis of key metrics and the willingness to adapt your strategy are the keys to success. Current data on the Net Realized Profit/Loss and SSR metrics give positive signals for Bitcoin, which supports growth prospects in the medium term. However, investors and traders should be prepared for volatile corrections that will inevitably accompany the bullish trend.
