The stablecoin buying demand indicator once surged to 3.74, approaching the November 2024 high

Odaily News, Zizcrypto stated on the X platform that the 90-day reading of the Stablecoin Supply Ratio Oscillator (SSR Oscillator) quickly rose into the "strong stablecoin buying demand" zone, reaching 3.74 on August 21, approaching the peak of approximately 4.00 seen in November 2024. Since then, the indicator has begun to retreat, with Bitcoin currently trading around $77,000. The rapid rebound of this indicator coincided with the liquidity pulse observed in the market earlier. If the 90-day SSR Oscillator continues to decline and falls back below the "elevated" zone, its confirmation of continuously strengthening stablecoin buying demand will weaken. Zizcrypto noted that this shift more closely resembles a liquidity pulse rather than a sustained demand expansion cycle that has already taken shape.