Demand for Bitcoin stablecoin purchases surges to 3.74, nearing the November 2024 peak.

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Bitcoin news: On August 21, 2026, the 90-day Stablecoin Supply Ratio (SSR) Oscillator reached 3.74, entering the "strong stablecoin purchase demand" zone, according to Zizcrypto. The indicator approached its November 2024 peak of 4.00. Bitcoin traded near $77,000 as the metric declined. Analysts noted the rebound coincided with a liquidity pulse. Sustained demand depends on the oscillator remaining above the "high" zone. Altcoins to watch may benefit if stablecoin inflows continue.

ChainThink reports that on September 3, CryptoQuant analyst Zizcrypto posted that the 90-day reading of the Stablecoin Supply Ratio Oscillator (SSR Oscillator) rapidly rose into the "strong stablecoin buying demand" zone, reaching 3.74 on August 21, close to the peak of approximately 4.00 seen in November 2024.

Since then, the indicator has begun to decline, and BTC is currently trading around $77,000. Analysts note that this demand rebound coincided with a recent liquidity pulse, but the key question is whether the signal can be sustained.

If the 90-day SSR oscillator continues to decline and falls below the "high" zone, confirmation of sustained demand growth for stablecoins will weaken, suggesting the current movement resembles a liquidity pulse rather than a prolonged demand expansion cycle.

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