The stablecoin ratio of Bitcoin exchanges skyrockets above 5, massive selling pressure emerges!
Recent on-chain data shows that the stablecoin ratio of Bitcoin on exchanges has surged to 5.3, indicating that the BTC reserves in exchanges far exceed the stablecoins, significantly increasing market selling pressure.
What is the stablecoin ratio of exchanges?
In simple terms, this indicator compares the amount of Bitcoin and stablecoins held in exchanges. Stablecoins maintain their value, representing potential buying power; while a surge in Bitcoin supply suggests that investors are significantly moving into BTC to prepare for selling.
Strong selling signals, the market may face a correction
Historical experience tells us that when this ratio breaks above 5, it often signals that Bitcoin is facing large-scale selling. The last time it approached 6.1, the market quickly retreated, and there is a risk of a repeat of this situation.
Price consolidation, intense buy-sell battles
The price of Bitcoin has recently been hovering around $103,500. The tug-of-war between selling pressure and buying interest is brewing a new round of changes, and investors need to be alert to sudden market shifts.
Conclusion: Insufficient buying power from stablecoins, Bitcoin selling pressure is off the charts, the next big volatility is about to explode!
