The reserve ratio data of a leading exchange has refreshed the record again - this time it has fallen.

CryptoQuant's latest monitoring shows that the reserve ratio of BTC to stablecoins has smashed through the historical low of 2018, with the current value fixed at 1.088. What signal lies behind this number?

In simple terms: the amount of stablecoins held in the market has noticeably increased relative to BTC. There are plenty of bullets, but good targets are becoming increasingly rare to seize. Looking back at historical data, you will find that every time this ratio hits a new low, BTC often experiences a significant fall.

After hitting the bottom in early 2020, the price skyrocketed from $9,000 to $69,000. In March 2023, it hit the bottom again, immediately breaking the previous high and directly soaring to a new record of over $126,000.

From a mid-term perspective, this is quite a hardcore bullish signal.

BTC-0.2%

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TooScaredToSell

· 12-02 14:33

Wow, new lows again? So this wave should be To da moon, right... Stablecoins are piling up, just waiting to buy the dip, but still a bit anxious This number, 1.088, feels like we should wait and see Every time like this history repeats itself, but I don't know if it will be the same this time Having enough bullets doesn't necessarily mean you can buy good stuff, everyone's just watching now

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CodeAuditQueen

· 12-01 22:50

1.088 this number… is again a historical low. Every time I see this pattern triggered, I instinctively check the audit reports, fearing that some exchange's smart contracts have buried a bomb again. With so many stablecoins piled up, it feels like a warning sign before a reentrancy attack. History is really repeating itself, but I can't guarantee if there will be new hacker vectors this time. Still the same saying – data looks good, security risks need to be checked first. Having many bullets doesn’t mean they can hit accurately. If the counterparty's contract has overflow check vulnerabilities, no matter how many stablecoins there are, it’s useless. Has anyone audited the risk control logic of these big exchanges? Or is it time for me to grind the report again...

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FallingLeaf

· 12-01 22:50

It has fallen to a new low again, this time it really is different, the bullets are all waiting. --- This number 1.088, I feel like it's about to da moon again, history always repeats itself. --- Stablecoins are piling up like mountains, but good coins are becoming increasingly scarce, this logic really holds. --- Will the pattern of 2020 and 2023 repeat? I'm a bit looking forward to it. --- New low ratio = the eve of a big market, I'm all in. --- With enough bullets, it's just a matter of who rushes first, I'm ready. --- Every time like this is a precursor signal, the past years' data are right here. --- With stablecoins piled up like this, what does it indicate? Everyone is building momentum. --- History repeating? Then I can't miss this time. --- 1.088, a bit familiar, last time it went straight to da moon.

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MelonField

· 12-01 22:48

With so many stablecoins piling up, it would be strange not to take action.

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GasFeeVictim

· 12-01 22:47

There are so many stablecoins, which indicates that everyone is waiting for the right opportunity, but they are afraid to act.

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