Exchange stablecoin ratio hits record low, fueling Bitcoin surge Andjela Radmilac · 14 seconds ago · 3 min read
A record low exchange stablecoin ratio indicates robust demand for Bitcoin and ample capital reserves ready to drive further growth.
3 min read
Updated: Nov. 19, 2024 at 11:43 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
The exchange stablecoin ratio (ESR) is an on-chain metric that indicates the balance of liquidity between Bitcoin and stablecoins held on exchanges. The metric is calculated as the ratio of the total Bitcoin reserves to the total stablecoin reserves, essentially showing the market’s buying power and selling pressure. A low ESR indicates that stablecoin reserves […]
