Stablecoin Delta [SAKANE]

8 thg 12

Overview
Stablecoin Delta is an indicator designed to provide a detailed analysis of the market trends of major stablecoins (USDT and USDC). Stablecoins play a crucial role in supporting the liquidity of the cryptocurrency market, and fluctuations in their supply significantly impact the prices of Bitcoin and other cryptocurrencies.

This indicator leverages data from CryptoCap to visualize the daily changes in the market capitalization of stablecoins. Traders can use this tool to understand the effects of stablecoin supply fluctuations on the market in a timely manner, enabling more strategic investment decisions.

The key benefits include the ability to quickly monitor stablecoin supply changes, utilize this data as a supplementary tool for predicting Bitcoin price movements, and identify both short-term market movements and long-term trends. This indicator is valuable for traders of all levels, from beginners to seasoned professionals.

Features
- Support for USDT and USDC Market Cap
Monitor the market trends of these two major stablecoins using data from CryptoCap. Users can also choose to analyze only one of them.

- Daily Net Change Calculation
Calculates the daily change in market capitalization compared to the previous day, providing a clear view of trends.

- Flexible Smoothing Options
Apply either SMA or EMA smoothing for both the histogram and the line chart, based on user preference.

- Customizable Colors
Customize the colors for the histogram (positive/negative) and line chart for better visualization.

Visualization
- Histogram
Displays daily net changes as a histogram, with positive changes (green) and negative changes (red) clearly differentiated.

- Smoothed Line Chart
Provides a smoothed line chart to make trend identification easier.

Use Cases
- In-depth Analysis of the Cryptocurrency Market
The supply of stablecoins is a critical factor influencing the price of Bitcoin and other cryptocurrencies. This indicator helps traders understand overall market liquidity, enabling more effective investment decisions.

- Short-Term and Long-Term Strategy Development
Trends derived from stablecoin supply fluctuations are essential for traders to gauge short-term price movements and long-term market flows.

- Real-Time Market Adjustment
In times of sudden market shifts, this tool enables traders to quickly assess changes in stablecoin supply and adjust their positions accordingly.

Future Plans
- Additional stablecoins will be considered for inclusion if their market share grows significantly.

Disclaimer
- This indicator relies on data from CryptoCap. The results are subject to the accuracy and timeliness of the data and should be used as reference information only.