ใ€ $BTC 4-Year Cycle Total Mark Series 53ใ€‘

The current orange line has broken above the upper band. ๐Ÿ—ก๏ธ Below: May 2019 & January 2023

โ”Œโ”€โ”€ ๐Ÿผ On-Chain Data Details โ”€โ”€โ”

The orange line indicator at the bottom of the chart is SSR (Stablecoin Supply Ratio). The calculation formula is: Bitcoin total market cap โž— total stablecoin market cap

SSR upper band = 200-day moving average + 2ร— standard deviation. Breaking above the upper band indicates SSR is in an extremely high range.
SSR lower band = 200-day moving average โˆ’ 2ร— standard deviation. Dropping below the lower band indicates SSR is in an extremely low range.