Based on Bijié Wǎng, on-chain data shows Bitcoin's stablecoin supply ratio (SSR) has dropped into a buy zone. Analyst Maartunn from the CryptoQuant community noted that a significant decline in the SSR RSI suggests increased stablecoin purchasing power, historically aligning with price bottoms or rebounds. Additionally, a large transaction involving 4,668 dormant Bitcoin coins aged 3–5 years has been recorded, signaling potential market activity. Bitcoin's price currently stands at $92,500, with no immediate signs of a recovery.
Bitcoin SSR Enters Buy Zone, Analysts Signal Potential Rebound
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