Don't panic, the SSR indicator is getting closer to the lower bound 🧘

BTC: The Stablecoin Supply Ratio (SSR) is an on-chain metric used to analyze the Bitcoin market. It is derived by dividing the total supply of Bitcoin by the total supply of major stablecoins (such as USDT, USDC, etc.). The SSR reflects the relative purchasing power of stablecoins compared to Bitcoin.

When the SSR approaches its upper Bollinger Band, it indicates that the ratio of Bitcoin's total supply to the total supply of stablecoins is high, meaning that the supply of stablecoins is relatively low. This may suggest that the market is at a "top" or in a speculative overheating phase, where investors may have already gone "all-in," leading to insufficient remaining purchasing power.

When the SSR approaches its historical low or lower bound, it indicates that the ratio of Bitcoin's total supply to the total supply of stablecoins is low, meaning that the supply of stablecoins is relatively high. This is usually associated with the potential for an increase in Bitcoin's price, as ample stablecoin liquidity provides strong purchasing power support for the market.