BTC Stablecoin Supply Ratio (SSR): 6.089
Compares what all bitcoin is worth against how much stablecoin cash is parked on the sidelines ready to buy. A falling line means more spare cash relative to Bitcoin's size.
A stablecoin is a crypto token designed to hold a value of about one US dollar, used to park money between trades. This divides the total value of all bitcoin by the total value of all stablecoins, so it measures Bitcoin's size against the cash pool sitting next to it.
Falling means the stablecoin pile is growing faster than Bitcoin's value, so there is more money standing ready to buy. Rising means bitcoin has grown expensive compared with that cash.
For example, a fall from 12 to 8 means the cash pool grew by half relative to Bitcoin — historically a sign of buying power building up. It **cannot** tell you whether that money will ever actually be spent on bitcoin.
In words: the total value of all bitcoin divided by the total value of all stablecoins [bitcoin market cap ÷ stablecoin market cap], using CoinGecko's published figures, refreshed hourly.
Much stablecoin money **never** goes near bitcoin — it sits in lending, in other coins, or simply as dollar savings in countries with weak currencies. The stablecoin total spans many different blockchains, not **only** the ones connected to Bitcoin markets.
CoinGecko · hourly snapshots