In a Sept. 3 post, CryptoQuant analyst Zizcrypto said the 90-day reading of the Stablecoin Supply Ratio (SSR) Oscillator had jumped toward a November 2024 high before cooling. The metric touched 3.74 on Aug. 21, close to the roughly 4.00 peak reached around November 2024. Bitcoin is trading near $77,000. Zizcrypto said the rapid rise in the stablecoin-side demand signal coincided with a strong liquidity pulse in the market. He argues the immediate spike is less important than whether the signal can be sustained. If the 90-day oscillator keeps falling and drops back below the high zone, the indicator would provide weaker confirmation that stablecoin buying demand is still strengthening. In his assessment, the move looks more like a liquidity pulse than the start of a durable demand expansion cycle. Stablecoin-side signals have improved notably, but the oscillator has already cooled from 3.74. Whether this round of liquidity improvement can evolve into more lasting demand growth remains uncertain unless the oscillator stays in that high territory.
In a post published Sept. 3, CryptoQuant analyst Zizcrypto said the 90-day reading of the Stablecoin Supply Ratio (SSR) Oscillator had risen sharply into the zone indicating strong stablecoin buying demand. The gauge touched 3.74 on Aug. 21, close to the roughly 4.00 peak seen in November 2024. Since that peak, the oscillator has started to fall, while Bitcoin is trading near $77,000.
Zizcrypto noted that the rapid rebound in the stablecoin demand signal coincided with a strong liquidity pulse the market experienced earlier. In his view, the short-term surge itself is not what matters most. The bigger question is whether the demand signal can hold.
If the 90-day SSR Oscillator keeps cooling and moves back below the high zone, it would provide weaker confirmation that stablecoin buying demand is still strengthening. The current shift looks more like a liquidity pulse than a sustained demand expansion cycle that has already taken shape, the analyst said.
Stablecoin-side demand signals have indeed strengthened markedly recently, but the 90-day oscillator has already cooled from its 3.74 peak. Whether the liquidity improvement can develop into more durable demand growth remains unclear unless the oscillator stays in the high zone.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
