Bitcoin’s Dry Powder Myth Busted: Outflows – Not Buyers – Driving Low SSR

Bitcoin's Stablecoin Supply Ratio has dropped to 9.36, a level traditionally interpreted as indicating strong sidelined buying power. However, the article suggests this low SSR is driven by stablecoin outflows rather than an accumulation of dry powder waiting to enter the market.

• →Bitcoin's Stablecoin Supply Ratio has fallen to 9.36, reaching levels typically associated with significant buying power on the sidelines.
• →The low SSR appears to be driven by stablecoin outflows rather than genuine accumulation of purchasing power.
• →This challenges the common narrative that low SSR levels automatically indicate strong potential buying pressure.
• →The metric may be providing misleading signals about actual market demand and available capital.