While Bitcoin is usually considered the backbone of the crypto industry, one should never underestimate the role stablecoins play in the market.
Stablecoins are essentially the fiat currency of the crypto ecosystem and act as the main supplier of liquidity to the market.
When looking at the crypto market as a closed system containing only stablecoins and cryptocurrencies, the supply of stablecoins and their behavior becomes increasingly important. This is especially useful when analyzing Bitcoin’s performance, as the ratio between the two can indicate a potential price rise.
The Stablecoin Supply Ratio (SSR) shows the ratio between Bitcoin’s circulating supply and the supply of stablecoins.
Any movement seen in SSR provides insight into what has more weight on the market — Bitcoin or stablecoins. The ratio essentially compares the power status between the two.
When the SSR is high, it shows that the supply of stablecoins is low when compared to Bitcoin’s market cap. This indica
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