According to @cryptorover, the Stablecoin Supply Ratio for Bitcoin is back to levels last seen earlier in this bull market, suggesting a potential local bottom for BTC price, source: @cryptorover on X Nov 9 2025. The Stablecoin Supply Ratio compares Bitcoin value to the supply of major USD-pegged stablecoins, where lower readings indicate greater stablecoin buying power relative to BTC, source: Glassnode Academy. For trading, a low SSR is interpreted as increased dry powder and is typically paired with monitoring stablecoin exchange reserves and netflows to gauge spot bid strength before adding risk, source: Glassnode Academy for SSR interpretation and CryptoQuant metrics for exchange reserves and netflows. Additional confirmation commonly tracked includes rising stablecoin transfers to exchanges and BTC perpetual funding rates normalizing toward neutral to reduce knife-catching risk, source: CryptoQuant metrics documentation.