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SSR Signals the Upcoming altcoin Season: On-Chain Analysis
Binance launches first-ever metaverse-theme Christmas event to celebrate the yuletide season
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"The CMC Fear and Greed Index is calculated using five key components: 1. Price Momentum: This factor analyzes the price performance of the top 10 cryptocurrencies by market capitalization (excluding stablecoins). It assesses how these coins are performing relative to each other and the broader market. 2. Volatility: The index incorporates Volmex Implied Volatility Indices (BVIV and EVIV) for Bitcoin (BTC) and Ethereum (ETH), which provide forward-looking measures of expected volatility over the next 30 days. 3. Derivatives Market: The index considers the Put/Call Ratio in the Bitcoin and Ethereum options markets. A higher ratio of puts to calls indicates more fear in the market, suggesting bearish expectations among investors. 4. Market Composition: This component looks at the relative value of Bitcoin (BTC) in the market, using the Stablecoin Supply Ratio (SSR) to measure the ratio between Bitcoin’s market capitalization and that of major stablecoins. 5. CMC Proprietary Data: The index also uses social trend keyword searches and user engagement metrics to capture market sentiment, retail interest, and emerging trends."
Tbh I did the opposite of you. Swapped some idle usdc into Spark a few days ago when the SSR started climbing again.
Strike is what I found to be the best in terms of buying BTC. There’s no fees after the 2nd week of DCA and you can even have part of your paycheck direct deposited into it. 0 fees on wallet transfer too. I keep a balance in case I want to sell, but anything over gets transferred to my ledger. https://invite.strike.me/DX6SSR If you use my referral, the fees for 1st $500 is waived without DCA
New ETH? Shinny Vitalik or SSR Vitalik?
I just missed SCIE, it was a coin flip between that and SSR. Within an hour though i knew i made the right choice by sheer luck.
Bullish on the new SSR and UR crypto projects
Sorry, I guess I should've been extremely precise about this. You're right in a narrow sense, this bit of data doesn't take into account OTC orders, but in terms of all other normal market behaviour including crypto whales who tend to use stablecoins it's not good that the SSR and withdrawals are going down. ***It doesn't spell doom***, but withdrawals typical go *up* in the later phases of corrections because the bigger market participants are somewhat confident they can pull their BTC out, and we're not seeing that now. What I wrote was in response to what the OP had to say, I'm not saying we're going to zero so don't get worked up.
tldr; Stablecoin Supply Ratio (SSR) is an on-chain indicator that measures the ratio between the supply of stablecoins and that of Bitcoin (BTC) supply. The lower the value of the indicator, the higher the percentage of the BTC supply can be bought by stablecoins. SSR reached an all-time low value of 6.52 on June 8. A decrease below the lower Bollinger band could be a strong signal that a bottom *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
First time hearing BSTS and SSR. Gonna look it up. Thanks mate and good luck for your January. Cheers!
Man if i had the money today i would buy SSR under .30 and BSTS under .000025 but they both went up.