OPEN-SOURCE SCRIPT
Stablecoin to BTC Market Cap Ratio
This indicator calculates the ratio of the combined market capitalization of USDT and USDC stablecoins to the market capitalization of BTC. Data is updated daily from TradingView's CRYPTOCAP sources. It is displayed as a line in a separate panel, allowing analysis of stablecoin liquidity dynamics relative to BTC.
How to Use
Add the indicator to any asset chart in TradingView. It is useful for assessing the potential buying power of stablecoins in the cryptocurrency market. High ratio values may signal accumulation of liquidity in stablecoins, often preceding growth in BTC or altcoins (bullish signal). Low values indicate a decrease in the role of stablecoins, which may be bearish. It is recommended to combine with other indicators, such as RSI or volumes, to confirm trends.
How to Use
Add the indicator to any asset chart in TradingView. It is useful for assessing the potential buying power of stablecoins in the cryptocurrency market. High ratio values may signal accumulation of liquidity in stablecoins, often preceding growth in BTC or altcoins (bullish signal). Low values indicate a decrease in the role of stablecoins, which may be bearish. It is recommended to combine with other indicators, such as RSI or volumes, to confirm trends.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
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.