OPEN-SOURCE SCRIPT
Updated Stablecoin supplies [USD bn]
This script shows crypto market inflows/outflows by showing the USD stablecoin supplies, using data from https://glassnode.com/:
BUSD_SUPPLY
USDT_SUPPLY
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.
BUSD_SUPPLYUSDT_SUPPLYUSDC_SUPPLYUsing 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.
Release Notes
Script title updateRelease Notes
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.