This Liquidity Pattern Has Appeared Before Every Bitcoin Surge — And It's Back When stablecoin reserves reach extreme levels relative to Bitcoin's market cap, the cryptocurrency market historically doesn't stay quiet for long. Right now, we're witnessing a liquidity configuration that has only appeared a handful of times since 2020, and each instance marked a pivotal moment for Bitcoin's trajectory. The question isn't whether this setup matters, but rather what direction it will resolve. Let’s start with the Stablecoin Supply Ratio (SSR), a metric that compares Bitcoin’s market cap to the market cap of all stablecoins. So, when the SSR drops, it means there’s a larger pool of stablecoins (cash) relative to Bitcoin’s valuation, or simply put: there’s more dry powder sitting on the sidelines, waiting to be deployed. 1/3
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Shill me your best mini-apps to use my MONAD testnet tokens!
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If you're holding capital on Berachain or @optimism, you might want to look at this chart. Liquidity is fleeing and fast. In the past 30 days, we're witnessing a major capital migration on-chain. Berachain and Optimism are seeing heavy outflows, with -$649M and -$537M in net liquidity loss, respectively. As expected, @ethereum is the main beneficiary, absorbing +$580M in net inflows, most of it coming directly from this two chains. But here's where it gets interesting: While Ethereum attracts capital, it's also leaking it. Liquidity is rotating fast, hunting for incentives and utility. Who are the biggest winners? @unichain, fueled by its aggressive incentive program, and @arbitrum, which continues to dominate activity and user retention. Where liquidity flows, attention follows. And where attention goes, opportunity grows.
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