The Bitcoin Exchange Stablecoins Ratio, which measures the reserves of Bitcoin (in USD) relative to the total reserves of stablecoins held by the exchange, remains at the same low level observed at the beginning of the year.
A low ratio indicates increased buying power, which can contribute to potential price increases.
As illustrated in the chart, this indicator has remained consistent with the levels recorded earlier this year, during which Bitcoin's price surged from $44,000 to achieve a new all-time high.
This trend suggests a bullish signal for Bitcoin.
Written by EgyHash
