Stablecoin buying demand cools after entering strong zone, analyst says

The 90-day SSR oscillator, a gauge of stablecoin buying demand, entered the strong zone and rose to 3.74 on Aug. 21 before turning lower, according to a CryptoQuant analysis by contributor Zizcrypto. Zizcrypto said 3.74 was close to the level seen in November 2024, when the indicator climbed to around 4.00. If the gauge keeps falling and drops below the high zone, it would suggest the stablecoin demand that supported the latest rebound has also weakened, Zizcrypto said. In that case, the recent move may have reflected a temporary liquidity inflow rather than sustained demand growth.