Panic and greed constantly take turns in the market, and smart money has long found patterns in these emotional swings.

After years of navigating the crypto space, I gradually understand a principle—chasing prices is like chasing ghosts; you'll never catch them. What truly helps you make money are the deep underlying forces behind the price that few people pay attention to.

Today I want to talk about these things. It's not some profound theory, but rather a few indicators I have used countless times, which have repeatedly played a role before market turning points. They have helped me avoid many pitfalls and also catch the bottoms.

**Stablecoin Liquidity as a Signal Source**

Treating stablecoins as the "ammunition depot" of the crypto world is a very fitting analogy. When the market becomes uncertain, investors start converting their coins into stablecoins, waiting to see what happens next. Therefore, fluctuations in stablecoin supply are often a barometer of market sentiment.

The Stablecoin Supply Ratio (SSR) is a metric I pay close attention to. Simply put, it’s the ratio of Bitcoin’s total market cap to the total market cap of stablecoins. What does a lower SSR indicate? It suggests a large amount of cash is on the sidelines, waiting, with plenty of "ammunition." This is usually a sign that funds are gathering for a move. When SSR rises, it indicates that funds are shrinking, and the market’s purchasing power is weakening.

I have personally encountered such a situation. At the end of last year, USDT supply suddenly increased significantly, and shortly after, in early 2025, the market plunged into a FOMO frenzy. The influx of stablecoins preceded the price rise, which greatly helped me judge the right timing for my positions.

**There’s a pattern in rotation rhythm**

Bitcoin dancing alone is one thing, but the real feast often comes during the "altcoin season." When Bitcoin’s rally shows clear signs of fatigue and funds start shifting to other coins, that’s when the real celebration begins.