🚨 The Stablecoin Ratio Channel is flashing its first signs of short-term risk for Bitcoin. However, the Stablecoin Ratio Channel (Long-Term) is only halfway through its cycle!

This powerful metric helps track liquidity shifts between stablecoins and Bitcoin.

🔵 When the ratio is low, it indicates an excess of stablecoins in the market — typically a bullish signal for BTC accumulation.

🔴 When the ratio reaches higher levels, it suggests growing pressure for BTC to be sold back into stablecoins.

Right now, the short-term signal indicates elevated risk, which aligns with the strong resistance we previously mentioned between $113K and $114K. This level could trigger BTC-to-stablecoin rotations.

However, when we zoom out to the Stablecoin Ratio Channel (Long-Term), the metric is only halfway through its historical range.

In previous cycles, this mid-channel region acted as a temporary resistance — sometimes leading to healthy corrections within bull markets.

On the flip side, during bear markets, it also served as a distribution zone before further downside.

In summary:

✅ BTC is likely approaching a short-term resistance.

🔄 However, the macro trend is still undecided. BTC could rally a bit more, face a correction soon after, and then resume its uptrend in the coming months — depending on how liquidity flows evolve.

👉Follow the best on-chain metrics at Alphractal to stay ahead of the market.