Here’s What Current BTC Stablecoin Supply Ratio Plunge Can Mean for Bitcoin

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By Yuri Molchan

Sat, 12/06/2021 - 9:59

Bitcoin SSR has hit an all-time low, an expert explains that it might be good for Bitcoin, here’s why

Here’s What Current BTC Stablecoin Supply Ratio Plunge Can Mean for Bitcoin

Data provided by the analytics aggregator Glassnode demonstrates that the Stablecoin Supply Ratio (SSR) of Bitcoin has plummeted to an ATL of 6.525.

Bitcoin SSR is the index that is about the ratio between the current supply of the biggest crypto in circulation and the number of stablecoins denoted in the flagship coin.

Tue, 05/25/2021 - 10:25

Bitcoin Stablecoin Supply Ratio Hits Major Low, Here’s What It Means for BTC

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Recently, on May 25, U.Today also reported a major drop in the Bitcoin SSR. Back then, the chief investment officer of Moskovski Capital explained this as a potentially positive factor for BTC since as SSR dives deep, the current supply of stablecoins has bigger purchasing power to grab more BTC.