Market structure signal · Bitcoin cycle
Stablecoin share
How much of the market sits in stablecoins — dry powder waiting on the sidelines.
19.4%
Bottom territory
Capital parked, waiting; fear phase.
Live · locks 00:00 UTC
What is the Stablecoin share?
Stablecoin share is the percentage of tracked crypto market cap held in stablecoins like USDT and USDC — effectively cash parked inside crypto.
A high share means a lot of capital is waiting rather than invested, which has tended to appear in fearful, bottom-leaning phases. A low share means money is deployed into risk assets, more common near tops.
Stablecoin data comes from DeFiLlama’s open API — free and independent of any paid source.
Stablecoin share chart & history
Recent cycle position (0–100) of the Stablecoin share. Today's reading is 19.4% — Capital parked, waiting; fear phase.
How to read it
There's no magic threshold, but history gives rough bands. Think of these as context, not triggers.
| Zone | Reading | What it has meant historically |
|---|---|---|
| High (dry powder)● now | elevated | Capital parked, waiting; fear phase. |
| Neutral | mid | Normal balance of cash vs risk. |
| Low (deployed) | depressed | Cash spent into risk; top-leaning. |
It's a signal about months and cycles, not days. That's why CryptoMarketCycle blends it with the other signals rather than reading it alone.
Common questions
It shows how much of the crypto market is sitting in stablecoins — a proxy for sidelined cash waiting to be deployed.
A high share means plenty of dry powder, which has historically built up in fearful phases. It is context, not a guarantee.
Related signals
The Stablecoin share is 1 of 16 signals behind the Crypto Market Cycle Index.
See the full index →