ChainCatcher reports that CryptoQuant stated the Stablecoin Supply Ratio (SSR) has fallen to a historic low area (13), indicating that there is a large amount of “dry gunpowder” waiting to enter the market. Meanwhile, Binance’s Bitcoin reserves have decreased while stablecoin reserves have increased. This liquidity pattern has only occurred a few times since 2020, and each time it has signaled a strong rebound in Bitcoin prices. Analysts point out that the current market shows signs of seller fatigue, with an attractive risk/reward ratio. However, investors should closely monitor key support levels, as a break below could trigger a deeper correction.
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CryptoQuant: Stablecoin reserves reach a historical high, Bitcoin may usher in a new wave of gains
ChainCatcher reports that CryptoQuant stated the Stablecoin Supply Ratio (SSR) has fallen to a historic low area (13), indicating that there is a large amount of “dry gunpowder” waiting to enter the market. Meanwhile, Binance’s Bitcoin reserves have decreased while stablecoin reserves have increased. This liquidity pattern has only occurred a few times since 2020, and each time it has signaled a strong rebound in Bitcoin prices. Analysts point out that the current market shows signs of seller fatigue, with an attractive risk/reward ratio. However, investors should closely monitor key support levels, as a break below could trigger a deeper correction.