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TLDR:
- SSR Oscillator remains below overbought levels, signaling ample liquidity for Bitcoin.
- Long-term stablecoin ratio shows no warning signs of a Bitcoin market top.
- Short-term channel indicates continued trend support from incoming stablecoin flows.
- Analysts say data-driven stablecoin tools offer more clarity than macro speculation.
Despite recent volatility in crypto markets, fresh signals suggest that Bitcoin’s current cycle still has room to run.
Certain key stablecoin metrics, closely monitored by analysts, point to continued strength in BTC’s structure. These indicators offer insight into how liquidity is positioned relative to price. Analysts believe these data-backed tools offer more reliability than macro speculation.
The metrics appear to confirm that current conditions still favor upside potential.
SSR Oscillator Shows No Overbought Signal
One of the primary tools in focus is the Stablecoin Supply Ratio (SSR) Oscillator, used to gauge market extremes. According to João Wedson from Alphractal, this indicator compares Bitcoin’s market cap to that of stablecoins, then smooths the ratio with long-term averages.
When SSR levels fall near the lower band, it often signals that stablecoin liquidity is high compared to BTC’s price. This typically occurs during undervalued phases, suggesting strong potential for upward movement.
So far, the oscillator remains below its upper boundary, showing no signs of market overheating.
3 Stablecoin Metrics That Indicate: The Bitcoin Cycle Isn’t Over! 🚀
In the cryptocurrency universe, finding reliable signals is like striking gold. At Alphractal, we’ve developed powerful oscillators that correlate Bitcoin with stablecoins, generating alpha signals that few in… pic.twitter.com/9kRPjE2V5H
— Joao Wedson (@joao_wedson) June 29, 2025
Long-Term Channel Flags Room for Bitcoin to Grow
In addition to the SSR, long-term liquidity tracking offers another view of where the cycle might be heading. The Stablecoin Ratio Channel (Long-Term) helps investors see 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. When the ratio climbs too high, it signals reduced buying power and potential for reversal.
Current readings show this isn’t the case, keeping bullish sentiment in play for strategic investors.
Short-Term Ratio Hints at Bitcoin Uptrend Continuation
For short-term traders, the Stablecoin Ratio Channel (Short-Term) provides faster signals. This metric reacts quickly to changes in price and liquidity, offering insights into short-run strength or fatigue.
Right now, the short-term channel continues to support the ongoing trend. It shows that Bitcoin’s momentum is still supported by incoming liquidity, reducing the chance of immediate trend exhaustion. This helps active traders maintain positions with clearer timing.
Metrics Back Bullish Structure
All three indicators, when viewed together, support the view that Bitcoin’s bull cycle is still intact. None show signs of market excess or top formation. These stablecoin metrics use real-time on-chain data, sidestepping the noise of headlines or macroeconomic lags.
Analysts tracking these tools believe that liquidity remains sufficient to drive the next leg of BTC’s price action. As stablecoin activity rises, the metrics suggest continued support for crypto markets into the coming months.
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