Bitcoin Remains Flat—And The SSR Ratio Might Explain Why

The Bitcoin Stablecoin Supply Ratio (SSR) points at thinning liquidity in the sector, potentially explaining the consolidation in the asset’s price. Bitcoin SSR Rose Alongside The Earlier Price Surge As pointed out by an analyst in a CryptoQuant Quicktake post, the Bitcoin SSR has witnessed an increase recently. The “SSR” here refers to an indicator that measures the ratio between the market cap of Bitcoin and that of the stablecoins. Related Reading: Bitcoin Open Interest Sets New Record As Price Plunges To $115,000 Stablecoins are cryptocurrencies that peg themselves to the price of a fiat currency, with USD-based tokens being the most popular source: https://www.newsbtc.com/bitcoin-news/bitcoin-flat-and-ssr-ratio-might-explain-why/