Definition ∞ Year-Low SSR refers to the lowest point reached by the Stablecoin Supply Ratio within a one-year period. The SSR is a metric that compares the total market capitalization of Bitcoin to the total market capitalization of all stablecoins. A year-low SSR indicates that the stablecoin supply has grown significantly relative to Bitcoin’s market value, suggesting substantial potential buying power. This condition often precedes upward price movements for Bitcoin.
Context ∞ The Year-Low SSR is a key on-chain indicator used by analysts to identify periods of potential market accumulation and subsequent price rallies for Bitcoin. A low SSR suggests that a large amount of capital is sitting in stablecoins, ready to be deployed into risk assets. Interpreting this metric helps assess the underlying demand dynamics and provides context for understanding shifts in market sentiment reported in financial news.
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