TechFlow news, November 11: CryptoQuant posted that the Stablecoin Supply Ratio (SSR) has dropped to historically low levels (13), indicating a large amount of "dry powder" waiting to enter the market. Meanwhile, Binance's Bitcoin reserves are declining while its stablecoin reserves are increasing—a liquidity pattern that has only occurred a few times since 2020, each time preceding strong rebounds in Bitcoin's price. Analysts note that the current market shows signs of weak selling pressure and an attractive risk/reward ratio, but investors should also closely monitor key support levels, as a breakdown could trigger a deeper correction.
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