According to recent analysis from on-chain analytics firm Alphractal, the Stablecoin Ratio Channel is flashing its first short-term warning for Bitcoin in months — even as long-term indicators remain supportive of the broader uptrend.
This key metric tracks how capital is flowing between stablecoins and Bitcoin, offering powerful insight into market sentiment and liquidity dynamics.
Short-Term Risk Builds Around $113K–$114K
Alphractal notes that the short-term Stablecoin Ratio has entered a higher-risk zone, which historically precedes local tops or temporary pullbacks. The warning comes just as Bitcoin tests the $113,000–$114,000 resistance area, a level that could prompt increased rotations from BTC into stablecoins as traders take profits.
A higher stablecoin ratio generally means more investors are shifting funds out of BTC, hinting at potential price pressure.
Long-Term Trend Remains Bullish
Despite the short-term caution, the long-term Stablecoin Ratio Channel tells a different story. The metric is currently midway through its historical cycle, a zone that has often acted as temporary resistance during past bull markets — not as a final top. 
Alphractal highlights that in bull phases, this mid-range typically leads to healthy corrections followed by continuation. However, in bear markets, it has previously served as a distribution zone before extended declines. Right now, the long-term signal suggests Bitcoin still has room to grow — but with some volatility likely in the near term.
Conclusion
In the short term, BTC may face resistance near $113K due to increasing stablecoin ratio pressures. But from a macro perspective, the bull cycle could still have legs, depending on how liquidity flows evolve. According to Alphractal, a brief correction may be necessary — but not terminal — as BTC continues to build toward its next leg higher.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/bitcoin-nearing-resistance-stablecoin-ratio-suggests-short-term-risk/