Analyst: Two key liquidity indicators both point to a weak market, with the "SSR 90-Day Oscillation Index" holding above the zero line signaling a potential reversal.

BlockBeats News, February 12th, cryptocurrency analyst Axel posted a message stating that two key liquidity indicators are pointing to a weak market. The "Bitcoin: Stablecoin Supply Ratio (SSR) 90-Day Oscillation Indicator" briefly returned to positive territory in January before dropping back into the negative range (currently -0.15), and the USDT market capitalization has dropped by -28.7 billion US dollars in the past 30 days, confirming that liquidity continues to flow out of the ecosystem.

Axel pointed out that in mid-January, the "SSR 90-Day Oscillation Indicator" once touched +0.057, and the USDT market capitalization saw an increase of +14 billion US dollars in 30 days, coinciding with Bitcoin briefly surpassing $95,000. However, "both of these signals failed to hold firm"—by February, the "SSR 90-Day Oscillation Indicator" turned negative again, and Bitcoin had retreated to $67,000.

"January was an exploratory attempt at recovery, while February marks the failure of that attempt." Axel stated that the six-month dominance of the "pink area" signifies Bitcoin's continued weakness relative to stablecoins, and the market has returned to a risk-averse pattern. He emphasized that a true mid-term reversal signal would be the "SSR 90-Day Oscillation Indicator" rising back above the zero axis and stabilizing in the green zone for at least 2-3 weeks. Until then, every rebound should be seen as a high-volatility trap.