Stablecoin Supply Ratio (SSR)
The SSR relates Bitcoin market value to stablecoin supply (today $311.6B). When it falls, the stablecoin side grows faster than BTC market value — or price falls while supply stays flat. Measured: highs Apr 2021 16.1 · Nov 2021 8.7 · Oct 2025 8.3, lows Nov 2022 2.05–2.10, today 5.42 (September 26, 2026). Values before April 27, 2019 rest on a denominator below $1B and are not comparable. Descriptive, not a signal.
- Formula:
- SSR = BTC Market Cap ÷ Σ Stablecoin-Angebot (USD-gebunden)
- Originator:
- Widely used on-chain metric; here computed in-house from open sources
- Data source:
- Eigene Ableitung: BRK market_cap ÷ DefiLlama peggedUSD (btc_chart_metrics.ssr, Cron btc-metrics-brk)
Strategies to backtest
Thematically related strategies from our library — try them in the backtest engine or read up on the methodology.
The benchmark for everything else — buy on day one, hold forever. The reference every strategy is measured against.
Open strategy →Buy a fixed amount on a fixed schedule — week after week, regardless of price. Smooths volatility, removes timing decisions.
Open strategy →More Bitcoin indicators
Is crypto-internal liquidity expanding or contracting? Stablecoin supply, spot-ETF flows and realized-cap change as 30-day impulses on one percentile scale — with breadth, dispersion and a declared composition. A state, not a signal.
Difference between market cap and realized cap, normalised by standard deviation. Values above 5 mark the top region (4 of 5 historical bull tops), below 0 every bottom.
BTC price coloured by MVRV Z-Score regime — from deep accumulation (green) to euphoria (red). Makes valuation phases visible over time.