The Bitcoin Exchange Stablecoins Ratio, which measures Bitcoin (USD) reserves relative to the total stablecoin reserves of exchanges, remains low since the start of the year.

The low ratio suggests increased buying interest, which may be contributing to the price increase.

The chart shows that the metric has remained stable since the start of the year, when Bitcoin rose from $44,000 to a new record high.

This trend suggests a positive signal for Bitcoin.