đ„The Supply Ratio (SSR) of #Stablecoin of #Bitcoin has 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 the market capitalization of Bitcoin.
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 increases in Bitcoin price, 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 âammunitionâ in the form of stablecoins waiting for an opportunity to enter the market.
