Key highlights: Bitwise says Bitcoin is the ‘canary in the macro coal mine.’ The firm means that the current BTC fall could signal an impending global financial market crisis. SSR level indicates that a lot of stablecoin liquidity is waiting to enter the BTC market. According to investment giant Bitwise, Bitcoin’s current decline could be […]
Tag: SSR
By Wayne Jones Bitcoin’s Stablecoin Supply Ratio (SSR) has dropped to 9.36, a level historically associated with significant buying power waiting on the sidelines, but on-chain data shows this metric is flashing a false signal. According to analyst Axel Adler Jr., the decline is being driven by capital leaving the ecosystem rather than stablecoin accumulation, […]