{"id":501757,"date":"2022-09-09T19:00:49","date_gmt":"2022-09-09T19:00:49","guid":{"rendered":"https:\/\/uniquehot.com\/?p=501757"},"modified":"2024-06-11T14:25:59","modified_gmt":"2024-06-11T14:25:59","slug":"bitcoin-stablecoin-supply-ratio-forms-buy-signal","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-stablecoin-supply-ratio-forms-buy-signal\/","title":{"rendered":"Bitcoin Stablecoin Supply Ratio Now Forms A “Buy” Signal"},"content":{"rendered":"

On-chain data shows the Bitcoin stablecoin supply ratio is now showing a green signal that has proved to be profitable for the crypto several times in the last two years.<\/p>\n

Bitcoin Stablecoin Supply Ratio Shock Momentum Forms “Buy” Signal<\/h2>\n

As pointed out by an analyst in a CryptoQuant post<\/a>, out of the 11 previous such buy signals, 10 ended up profitable for the crypto.<\/p>\n

The “stablecoin supply ratio<\/a>” (or the SSR in brief) is an indicator that measures the ratio between the market cap of Bitcoin and that of all stablecoins.<\/p>\n

Generally, whenever investors want to avoid volatility associated with cryptos like BTC, they shift their coins into stablecoins<\/a>. Once they feel that prices are right to re-enter the markets again, they buy back into them. As such, the total stablecoin supply can be looked at as potential buying pressure for other cryptos.<\/p>\n

When the value of the SSR is high, it means the BTC supply is higher compared to the stablecoin cap, and thus there is low buying pressure in the market currently.<\/p>\n

Related Reading: On-Chain Data Shows Bitcoin Whale Dumping Behind Dip Below $19k<\/a><\/em><\/strong><\/div>\n

On the other hand, low values of the indicator suggest there is high potential dry powder in the market right now. Because of this, such a trend can be bullish for the price of Bitcoin.<\/p>\n

Now, there is a metric called the Bitcoin SSR “shock momentum,” which tracks the rate of change in its value. Here is a chart that shows the trend for it over the past couple of years:<\/p>\n

\"Bitcoin<\/p>\n

Looks like the value of the metric has been low in recent days | Source: CryptoQuant<\/a><\/pre>\n
As you can see in the above graph, the quant from the post has marked the relevant points of trend for the Bitcoin SSR shock momentum.<\/p>\n
It seems like whenever this metric has made a low below the green dotted level, the price of the crypto has observed a buy signal.<\/p>\n
Related Reading:  WATCH: Bitcoin, Wyckoff Theory, And The Composite Man | BTCUSD September 8, 2022<\/a><\/em><\/strong><\/div>\n
During the last two years, there have been eleven instances of this pattern taking place, out of which only one has turned out to be a false signal.<\/p>\n
Most recently, the indicator has once again showed this formation. If the past trend is anything to go by, then this may turn out to be bullish for Bitcoin.<\/p>\n
BTC Price<\/h2>\n
At the time of writing, Bitcoin’s price<\/a> floats around $20.9k, up 4% in the past week. Over the last month, the crypto has lost 12% in value.<\/p>\n
The below chart shows the trend in the BTC price over the last five days.<\/p>\n
\"Bitcoin<\/p>\n
The value of the crypto seems to have spiked up over the past day | Source: BTCUSD on TradingView<\/a><\/pre>\n
Featured image from Quaritsch Photography on Unsplash.com, charts from TradingView.com, CryptoQuant.com<\/pre>\n","protected":false},"excerpt":{"rendered":"
On-chain data shows the Bitcoin stablecoin supply ratio is now showing a green signal that has proved to be profitable for the crypto several times in the last two years. Bitcoin Stablecoin Supply Ratio Shock Momentum Forms “Buy” Signal As pointed out by an analyst in a CryptoQuant post, out of the 11 previous such buy signals, 10 ended up profitable for the crypto. The “stablecoin supply ratio” (or the SSR in brief) is an indicator that measures the ratio between the market cap of Bitcoin and that of all stablecoins. Generally, whenever investors want to avoid volatility associated with cryptos like BTC, they shift their coins into stablecoins. Once they feel that prices are right to re-enter the markets again, they buy back into them. As such, the total stablecoin supply can be looked at as potential buying pressure for other cryptos. When the value of the SSR is high, it means the BTC supply is higher compared to the stablecoin cap, and thus there is low buying pressure in the market currently. Related Reading: On-Chain Data Shows Bitcoin Whale Dumping Behind Dip Below $19k On the other hand, low values of the indicator suggest there is high potential dry powder in the market right now. Because of this, such a trend can be bullish for the price of Bitcoin. Now, there is a metric called the Bitcoin SSR “shock momentum,” which tracks the rate of change in its value. Here is a chart that shows the trend for it over the past couple of years: Looks like the value of the metric has been low in recent days | Source: CryptoQuant As you can see in the above graph, the quant from the post has marked the relevant points of trend for the Bitcoin SSR shock momentum. It seems like whenever this metric has made a low below the green dotted level, the price of the crypto has observed a buy signal. Related Reading: WATCH: Bitcoin, Wyckoff Theory, And The Composite Man | BTCUSD September 8, 2022 During the last two years, there have been eleven instances of this pattern taking place, out of which only one has turned out to be a false signal. Most recently, the indicator has once again showed this formation. If the past trend is anything to go by, then this may turn out to be bullish for Bitcoin. BTC Price At the time of writing, Bitcoin’s price floats around $20.9k, up 4% in the past week. Over the last month, the crypto has lost 12% in value. The below chart shows the trend in the BTC price over the last five days. The value of the crypto seems to have spiked up over the past day | Source: BTCUSD on TradingView Featured image from Quaritsch Photography on Unsplash.com, charts from TradingView.com, CryptoQuant.com<\/p>\n","protected":false},"author":542,"featured_media":501782,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,85375,86816,86703,1119,1144],"class_list":["post-501757","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-buy-signal","tag-bitcoin-ssr","tag-bitcoin-stablecoin-supply-ratio","tag-btc","tag-btcusd"],"acf":[],"yoast_head":"\nBitcoin Stablecoin Supply Ratio Now Forms A "Buy" Signal<\/title>\n<meta name=\"description\" content=\"On-chain data shows the Bitcoin stablecoin supply ratio is now showing a green signal that has proved to 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Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.","sameAs":["https:\/\/www.linkedin.com\/in\/keshavverma29\/","https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29"],"url":"https:\/\/uniquehot.com\/author\/hououinkyouma29\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Stablecoin Supply Ratio Now Forms A “Buy” Signal","url":"http:\/\/uniquehot.com\/news\/bitcoin-stablecoin-supply-ratio-forms-buy-signal\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-stablecoin-supply-ratio-forms-buy-signal\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/09\/quaritsch-photography-1_6rJHQ2Gmw-unsplash-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/09\/quaritsch-photography-1_6rJHQ2Gmw-unsplash-scaled.jpg?fit=2560%2C1707"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Keshav Verma"}],"creator":["Keshav Verma"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin buy signal","bitcoin ssr","bitcoin stablecoin supply ratio","btc","btcusd"],"dateCreated":"2022-09-09T19:00:49Z","datePublished":"2022-09-09T19:00:49Z","dateModified":"2024-06-11T14:25:59Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Stablecoin Supply Ratio Now Forms A “Buy” Signal\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-stablecoin-supply-ratio-forms-buy-signal\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-stablecoin-supply-ratio-forms-buy-signal\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/09\\\/quaritsch-photography-1_6rJHQ2Gmw-unsplash-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/09\\\/quaritsch-photography-1_6rJHQ2Gmw-unsplash-scaled.jpg?fit=2560%2C1707\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Keshav Verma\"}],\"creator\":[\"Keshav Verma\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin buy signal\",\"bitcoin ssr\",\"bitcoin stablecoin supply ratio\",\"btc\",\"btcusd\"],\"dateCreated\":\"2022-09-09T19:00:49Z\",\"datePublished\":\"2022-09-09T19:00:49Z\",\"dateModified\":\"2024-06-11T14:25:59Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/09\/quaritsch-photography-1_6rJHQ2Gmw-unsplash-scaled.jpg?fit=2560%2C1707","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/501757"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=501757"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/501757\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/501782"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=501757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=501757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=501757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}