On-chain data shows the ‘Exchange Stablecoins Ratio’ for Bitcoin has shot up recently. Here’s what it could mean for the asset’s price. Bitcoin Exchange Stablecoins Ratio Has Broken Above 5 As explained by an analyst in a CryptoQuant Quicktake post, the Bitcoin Exchange Stablecoins Ratio has registered an increase alongside the latest rally in the cryptocurrency’s price. The Exchange Stablecoins Ratio here refers to an on-chain indicator that keeps track of the ratio between the Exchange Reserves of BTC and the stablecoins
source: https://www.newsbtc.com/bitcoin-news/bitcoin-exchange-stablecoins-surges-warning/