Bitcoin’s price spike supported by ETF demand as stablecoin buying power remains low

The exchange stablecoins ratio (ESR) and stablecoin supply ratio (SSR) provide important insight into Bitcoin’s liquidity and potential buying power. ESR measures the proportion of stablecoins relative to Bitcoin exchange reserves, serving as a gauge of spot liquidity. source: https://cryptoslate.com/bitcoins-price-spike-supported-by-etf-demand-as-stablecoin-buying-power-remains-low/