DavidPBitcoin
Waiting on the Exchange Stablecoins Ratio to Increase...
The exchange stablecoins ratio has been a remarkably reliable forecaster of #BTC price moves over the past year. As shown, the late 2020-early 2021 price surge was preceded by a huge increase in the stablecoin ratio, and then the May swoon was preceded by the ratio falling quite precipitously starting n April. The fact that price is currently climbing w/the stablecoin ratio mostly flat is therefore a divergence. I would feel better if the stablecoin ratio starts climbing again, and soon.