The current Bitcoin SSR indicator has touched the lower band 🧘

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 there is relatively little supply of stablecoins. This may suggest that the market is in a 'top' or overheated speculative phase, where investors might have 'fully invested', leading to insufficient remaining purchasing power.

When the SSR approaches its historical lows or lower band, it indicates that the ratio of Bitcoin's total supply to the total supply of stablecoins is low, meaning there is relatively more supply of stablecoins. This is generally associated with potential upward movement in Bitcoin's price, as ample stablecoin liquidity provides strong purchasing power support for the market.