Indicator Overview

The Stablecoin Total Market Cap indicator tracks the absolute size of the combined market capitalisation of major stablecoins (primarily USDT and USDC), displayed in millions of USD as a smoothed primary line overlaid with Bitcoin’s price on a secondary logarithmic axis. It employs a dynamic gradient color scheme that progresses from deep dark green at lower levels ($500M) through increasingly brighter and lighter greens as the total supply expands toward historic highs ($250B+), providing an intuitive visual representation of overall crypto liquidity scale. This metric serves as the foundational measure of available stable capital in the ecosystem, reflecting the total pool of dollar-pegged assets that can potentially flow into or out of risk assets like Bitcoin and altcoins.

How To Use

Rising brighter green segments signal expanding total stablecoin supply, indicating growing liquidity reserves and often preceding or accompanying major bull markets as more capital becomes available for deployment. Darker green or flattening sections suggest stagnation or consolidation in liquidity growth, typically aligning with range-bound or corrective phases. Traders monitor acceleration in the line’s upward slope (especially with brighter coloring) as confirmation of increasing buying power, while slowdowns or peaks in the gradient warn of potential exhaustion. Optional SMA/EMA overlays help identify sustained trends versus temporary fluctuations. Investors use the absolute level and trajectory of total market cap as a core macro gauge, higher and rising values support risk-on positioning across the broader market, while prolonged plateaus or declines historically mark cycle transitions or reduced speculative capacity.