OPEN-SOURCE SCRIPT

Stablecoin Liquidity Delta (Aggregate Market Cap Flow)

330
Hi All,

This indicator visualizes the bar-to-bar change in the aggregate market capitalization of major stablecoins, including USDT, USDC, DAI, and others. It serves as a proxy for monitoring on-chain liquidity and measuring capital inflows or outflows across the crypto market.

Stablecoins are the primary liquidity layer of the crypto economy. Their combined market capitalization acts as a mirror of the available fiat-denominated liquidity in digital markets:

🟩 An increase in the total stablecoin market capitalization indicates new issuance (capital entering the market).
🟥 A decrease reflects redemption or burning (liquidity exiting the system).

Tracking these flows helps anticipate macro-level liquidity trends that often lead overall market direction, providing context for broader price movements.

All values are derived from TradingView’s public CRYPTOCAP tickers, which represent the market capitalization of each stablecoin. While minor deviations can occur due to small price fluctuations around the $1 peg, these figures serve as a proxy for circulating supply and net issuance across the stablecoin ecosystem.

免责声明

这些信息和出版物并非旨在提供,也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。