The current Bitcoin market outlook remains largely bearish following a 2.41% net loss over the past week. While Bitcoin is currently stabilizing around $68,000, the digital asset remains approximately 46% away from its all-time high ($126,100) recorded at the end of 2025.
Bull or bear? Decoding Bitcoin SSR Liquidity Signals
in a Quick post On the CryptoQuant platform, a pseudonymous analyst, MorenoDV, explained how the Stablecoin Supply Ratio (SSR) acts as a liquidity signal for Bitcoin and why the current level of around 9.5 to 9.6 is important.
SSR measures Bitcoin’s market capitalization relative to the stablecoin supply. In other words, it reflects how much “dry powder” (purchasing power) exists in the market. A high SSR shows that Bitcoin’s market cap is large relative to stablecoins (less marginalized purchasing power), while a low SSR indicates that the stablecoin supply is relatively strong for Bitcoin – more potential purchasing power is available.
According to analyst MorenoDV, the SSR is not a simply bullish or bearish indicator; Its importance depends on the direction of the market’s approach to the 9.5 level. When the SSR falls towards 9.5 from higher levels, it generally indicates strengthening stablecoin liquidity, which has often led to Bitcoin finding support or retracing upwards in previous cycles.
Conversely, if the SSR rises towards 9.5 from lower levels, it suggests fading liquidity, which historically precedes local highs and short-term corrections.
Analyst MorenoDV describes the 9.5 level as a liquidity balance zone due to its ability to act as support or resistance depending on the market approach. As the SSR navigates this critical zone, market traders will closely watch whether stablecoin inflows remain at a constant level, or if there is an imminent liquidity depletion, which would be indicated by a rejection in this equilibrium zone.
Bitcoin Price Overview
At the time of writing, the price of Bitcoin stands at ~$68,840, reflecting a 3.97% increase in the last 24 hours. Meanwhile, its daily trading volume has decreased by 15.3% and is valued at $37.33 billion. According to data from Coincodex, the Fear and Greed index stands at 9, indicating extreme levels of caution among investors.
However, Coincodex analysts and investors will gradually adopt a more bullish stance, as their projections point to a target of $73,769 in five days and $77,687 in one month. Meanwhile, a three-month target of $72,480 suggests some pullback levels following the initial rise, in line with a classic ascending pattern.
Featured image from XVverse, chart from Tradingview.com
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