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Revised Headline: "Recent Data Indicates Bitcoin’s Recent Decline Is Driven by Outflows...
Bitcoin’s “Dry‑Powder” Narrative Crumbles: Outflows, Not New Buyers, Drive Decline in Stablecoin Supply Ratio
By Crypto News Desk – February 26 2026
Overview
The Bitcoin Stablecoin Supply Ratio (SSR)—the quotient of Bitcoin’s market capitalization divided by the total supply of stablecoins—has slipped to 9.36, a level traditionally interpreted as a surplus of “dry‑powder” ready...






















