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raonbit
2021.06.08 10:29:54
The Stablecoin Supply Ratio (SSR) is the ratio between Bitcoin supply and the supply of stablecoins denoted in BTC, or: Bitcoin Market cap / Stablecoin Market cap. We use the following stablecoins for the supply: USDT, TUSD, USDC, PAX, GUSD, DAI, SAI, and BUSD.
When the SSR is low, the current stablecoin supply has more "buying power" to purchase BTC.
It serves as a proxy for the supply/demand mechanics between BTC and USD.
https://studio.glassnode.com/metrics?a=BTC&m=indicators.Ssr&mAvg=7
2021.06.08 10:14:22