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**3 Stablecoin Metrics Signal Bitcoin Bull Run Still Has Fuel to Climb**
Despite recent market volatility, fresh signals suggest that Bitcoin’s current cycle still has room to run. Key stablecoin metrics, closely monitored by analysts, point to continued strength in BTC’s structure. These indicators offer insights into liquidity positioning relative to price.
According to João Wedson from Alphractal, the Stablecoin Supply Ratio (SSR) Oscillator remains below its upper boundary, indicating that stablecoin liquidity is high compared to Bitcoin’s price. This typically occurs during undervalued phases, suggesting strong potential for upward movement.
The SSR Oscillator is a crucial tool in gauging market extremes and comparing the market capitalization of Bitcoin to that of stablecoins. When this ratio falls near the lower band, it often signals an undervalued phase, indicating strong potential for upward movement.
In addition to the SSR Oscillator, long-term liquidity tracking offers another perspective on where the cycle might be heading. The Stablecoin Ratio Channel (Long-Term) helps investors determine whether Bitcoin is overpriced in relation to available stablecoin liquidity. Alphractal’s long-term indicator points to balanced conditions, with Bitcoin still below levels that typically warn of major pullbacks.
Furthermore, a short-term ratio hints at Bitcoin uptrend continuation for active traders. This metric reacts quickly to changes in price and liquidity, providing insights into short-run strength or fatigue. Presently, the short-term channel continues to support ongoing trends, reducing the likelihood of immediate trend exhaustion.
When viewed collectively, all three indicators reinforce the view that Bitcoin’s bull cycle remains intact. Notably, none exhibit signs of market excess or top formation. These stablecoin metrics employ real-time on-chain data, sidestepping the noise of headlines or macroeconomic lags.
As stablecoin activity increases, these metrics suggest continued support for crypto markets in the coming months.
Source: blockonomi.com
