Glossary (Stablecoin)
Entry into Stablecoin data/indicators
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Entry into Stablecoin data/indicators
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-Type of cryptocurrency that is pegged to a fiat currency
-How stablecoin is issued
-Stablecoin with treasury account
-Stablecoin without treasury account
Amount of Stablecoin deposited/withdrawn into/from the exchange wallets.
Increase of inflow - Mostly a Bullish sign
Increase of outflow - Mostly a Bearish sign
The amount of the stablecoins held in the exchange addresses
High
High Buying pressure
Low
Low selling pressure
Increasing trend
Increasing potential Buying power -Bullish
Decreasing trend
Decreasing scarcity - Bearish
The number of unique addresses making inflow/outflow transactions of exchanges
High
Large number of investors
Low
Small number of investors
Increasing trend
Expanding interest and activeness
Decreasing trend
Diminishing interest and activeness
The total number of deposits/withdrawals transactions of the exchange
High
Large number of transactions
Low
Small number of transactions
Increasing trend
Expanding interest and activeness
Decreasing trend
Diminishing interest and activeness
Defined as a ratio of the Market Cap of BTC divided by the Market Cap of all Stablecoins
Increasing trend
Slowing down status of stablecoin's buying power - Bearish or sideways sentiment
Decreasing trend
Rising status of stablecoin's buying power - Bullish
This section identifies the lookout point for individual indicators. These indicators could be divided by their identity and their usefulness in trading. Each indicator utilized each feature of stablecoin, and put together, they cover multiple aspects and capture movements in stablecoin relatively precisely.
If you want to make use stablecoin feature by figuring out
Checking the flow into the exchange is a great way to keep track of stablecoins that could be a medium to buy cryptocurrencies or liquidity of the derivative market
Checking the Stablecoin Reserve in exchange helps to measure buying power in the exchange.
Checking the active address count or transactions is a great way to determine how many addresses are participating in the movement in the price and find out the sentiment behind it.
To figure out the power balance between the BTC and Stablecoin by market cap
CryptoQuant offers on-chain data for stablecoins on ERC20 for Charts, Pro-Charts, Alerts, and API. The market cap of the stablecoins in all chains is available in the dashboard.
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