SSR signals altcoins under pressure as BTC climbs to new highs

Opinion: Why isn't my altcoin portfolio growing? SSR on the chart explains it. Yesterday on a club livestream I said the competition for stablecoins is off the charts today. That's true, but the interpretation should be different. Previously, stablecoins were the fuel. SSR worked clearly: low SSR means charging, high SSR means discharging. More money in the system, the market flashed. Today the setup is broken—not because stablecoins are dead (they're at historical highs in market cap). Liquidity has shifted into other channels: ETFs, brokers, off-chain. SSR doesn’t capture that. Add in new parking options like sDAI, sUSDe, and RWA protocols. Stablecoins are no longer just gas—they’ve become yield-bearing deposits. Cash sits comfortable earning risk-free yields, squeezing rotation into alts. Hence the effect: Bitcoin makes new highs, while altcoins crawl without new fuel. But that isn’t the death of SSR. It’s a change in the cycle structure. When cash yields fall and ETF inflows reach altcoins, greed will restore the old mechanism: stablecoins again fuel rotation. Then rotation will kick in fully 🚀 If anyone still doesn’t get the problem, I highlighted it on the chart. BTC is moving up, SSR is dropping. SSR measures the market cap of coins relative to the total market cap of all stablecoins. Low SSR means lots of stablecoins in circulation, hinting at potential buyer strength and price rise. Think of a housing market: - The price of all apartments in the city is like BTC’s market cap. - The salaries of all residents are like stablecoins. SSR = how much salary is needed to buy all the apartments. If salaries in the city are high (low SSR) → people can buy lots of apartments → prices rise easily. If salaries are low (high SSR) → there isn’t enough buying power → the market looks overheated and lacks demand. I trade on Bitget. Price USD Stablecoin Supply Ratio (SSR) Stablecoin Supply Ratio (SSR)-EMA(30)