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tedtalksmacro
22 sty 2023 08:19

Stablecoin supplies [USD bn] 

Bitcoin / United States DollarCoinbase

Opis

This script shows crypto market inflows/outflows by showing the USD stablecoin supplies, using data from https://glassnode.com/:

GLASSNODE:BUSD_SUPPLY

GLASSNODE:USDT_SUPPLY

GLASSNODE:USDC_SUPPLY

Using a simple 20 EMA, the line will change color showing stablecoin inflow or outflow. Traders can consider stable coin inflows (green) as bullish for Bitcoin price, while stable coin outflows (red) should be considered bearish for price.

Informacje o Wersji

Script title update

Informacje o Wersji

Designed to visualize the total liquidity of major stablecoins in the cryptocurrency market. The liquidity is calculated by summing the supply values of five leading stablecoins: USDT, BUSD, USDC, DAI, and TUSD.

Based on the comparison of the current liquidity value with its EMA, the script colors the plotted line either green (when above the EMA) or red (when below the EMA), helping traders visually identify bullish or bearish liquidity trends.
Komentarze
Ether2020
Would love to see more of your work! Thanks my friend!
knowledg3
thank you!
pfaeffchen
Good work! What kind of indicator is the other one? "Market Liquidity" ... Sound also very interesting :-)
Ether2020
Thank you, my friend, for your effort to post this clever made script!
PlanBCrypto
This seems to stop working now? Would a patch be possible?
BadgerBums
Legend, cheers for making this mate
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