Stablecoin supplies [USD bn]

tedtalksmacro Updated   
This script shows crypto market inflows/outflows by showing the USD stablecoin supplies, using data from https://glassnode.com/:




Using a simple 20 EMA, the line will change color showing stablecoin inflow or outflow. Traders can consider stable coin inflows (green) as bullish for Bitcoin price, while stable coin outflows (red) should be considered bearish for price.
Release Notes:
Script title update
Release Notes:
Designed to visualize the total liquidity of major stablecoins in the cryptocurrency market. The liquidity is calculated by summing the supply values of five leading stablecoins: USDT, BUSD, USDC, DAI, and TUSD.

Based on the comparison of the current liquidity value with its EMA, the script colors the plotted line either green (when above the EMA) or red (when below the EMA), helping traders visually identify bullish or bearish liquidity trends.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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