Blockunity Stablecoin Liquidity (BSL)

15 thg 11, 2023

Monitor the liquidity of the crypto market by tracking the capitalizations of the major Stablecoins.

Stablecoin Liquidity (BSL) is an ideal tool for visualizing data on major Stablecoins. The number of Stablecoins in circulation is one of the best indices of liquidity within the crypto market. It’s an important metric to keep an eye on, as an increase in the number of Stablecoins in circulation offers a great opportunity to see cryptoasset prices rise. The tool’s multiple on-board display modes enable analysis of its data in the best possible conditions.

The Idea
The goal is to provide the community with the ideal tool to visualize the liquidity of the crypto market, via the state of the market capitalizations of the major Stablecoins.

How to Use
The tool is very easy to use and interpret. First of all, let's distinguish two main elements:

• The chart as 3 distinct display modes to let you observe data in the best possible conditions.
  
• There is a panel that summarizes the market capitalizations of the main Stablecoins.
  

Display Mode: Cumulative
In Cumulative mode (default), the different capitalizations are displayed one on top of the other with colored bands.
You can see that when the number of Stablecoins in circulation increases, crypto asset prices enter an uptrend. And if the liquidity of Stablecoins dries up, the trend will become bearish.



Display Mode: Aggregated
Aggregated mode displays a single line, which is the sum of the different capitalizations, varying between green and red depending on the state of this data according to its moving average declared in the 'Aggregated MA Lengh' field.
You can thus easily see trend changes and therefore opportunities to enter or exit the crypto market.



Display Mode: Independent
The Independent mode also displays the different capitalizations, but detached from each other with labels.
This display mode is particularly interesting for studying transfers from one Stablecoin to another, as can be seen below.



Other Settings
You can choose whether or not to include each of the Stablecoins data, and configure their display color. Note that in 'Cumulative' display mode, the data is taken into account even if the box is unchecked.

How it Works
The tool works in a simple way: We take the market capitalization data of the Stablecoins that interest us, then we process them according to the different display modes.

Let us know if you would like other ways of visualizing this data!

9 thg 2

Phát hành các Ghi chú

• Change in the method of calculating TrueUSD capitalization due to the removal of a data point from TradingView.
  

21 thg 2

Phát hành các Ghi chú

Addition of an alerting system. This alert can be activated by setting the condition "Blockunity Stablecoin Liquidity (BSL)" and selecting "Any alert() function call". The alerts sent are as follows:

• Aggregate liquidity status and variation over 30 days (alert sent every 30 days).