The Stablecoin Supply Ratio (SSR) is equal to Bitcoin’s market cap divided by the Stablecoin market cap. It can equivalently be interpreted as the ratio of Bitcoin supply and the stablecoin supply denoted in BTC. Its motivation is to quantify the extent of stablecoin buying power and estimate its potential to move the price of Bitcoin. For example, an SSR of 10 means that stablecoins can potentially buy 1 / 10 = 10% of Bitcoin’s supply.
Bollinger Bands are a set of trendlines plotted two standard deviations away from the 200-day moving average of the SSR. It is a technical analysis tool for when a signal is overbought (upper band) or oversold (lower band). The SSR oscillator measures the amount of standard deviations that the SSR is from its 200-day moving average. When the oscillator is ±2, SSR hits the upper/lower Bollinger band.
The stablecoin market cap consists of Usdt, Usdc, Usde, Usds, Dai, Fdusd, Usd0, Susds, Usdd and Xaut.
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