Bitcoin: Stablecoin Supply Ratio Oscillator
Benjamin Cowen
Stable Coins by Ratio Oscillator (SSRO) Metric
The SSRO occasionally spikes up to around 3 or 4, which has happened several times in the current and last market cycles.
Key Observations
- The market can continue to go higher for a while even after the SSRO tops.
- Examples of this phenomenon occurred in:
- 2019
- 2021
- 2023 (with a double top)
Current Cycle Characteristics
- This cycle has featured double tops, unlike the previous cycle.