Phoenix_Ash3s
3d price downfall & SSR 'bottom' correlation in a year
On this chart you see the Stablecoin Supply Ratio (SSR) in blue, with the Bitcoin price in orange. The SSR is measured by dividing BTC's Market Cap by all Stablecoins Market Cap. The SSR is very low right now, and right at the zone where it bottomed out before, correlated to a downfalling and outbottoming BTC price, for the 3d time within a year. When the SSR is low, it suggests chances of high buying pressure is high. Because imagine, there is a lot of sidelined stablecoined money, with a BTC price which is down ~35% from the top. Bitcoin reversed from this zone the last 2 times. Will it do the same this time?