Bitcoin SSR Declines Into Buy Territory as Price Drops

Recent on-chain data indicates the Bitcoin Stablecoin Supply Ratio (SSR) has entered a buy territory, signaling potential market shifts.

The SSR measures Bitcoin's market cap against stablecoin supply. A low SSR suggests high potential buying power in stablecoins compared to Bitcoin's market cap, indicating bullish potential.
The Relative Strength Index (RSI) of the SSR has declined, reaching levels associated with previous market bottoms or price surges.
Past signals have sometimes led to temporary reversals; it remains to be seen if the current signal will result in a lasting bullish shift.

In related updates, a significant movement of dormant tokens occurred, with 4,668 BTC aged 3–5 years becoming active, often indicating selling pressure.

Bitcoin's price continues its bearish trend, currently at $92,500.