On November 11th, the on-chain data analysis platform CryptoQuant disclosed that the Bitcoin Stablecoin Supply Ratio (SSR) has fallen back to around 13. This level precisely corresponds to market bottoms in mid-2021, late 2022, and early 2024. The SSR indicator measures the ratio of Bitcoin market capitalization to the total stablecoin value; a declining value indicates that there is a large amount of "dry powder" (stablecoin reserves) waiting to enter the market. Meanwhile, data from major centralized exchanges (CEX) shows that Bitcoin reserves are continuously decreasing while stablecoin balances are rising, forming a typical accumulation signal. Analyst MorenoDV stated that the current environment offers an "asymmetric opportunity" for long-term buyers. Technical analysis suggests that if historical fractals repeat, Bitcoin could advance toward a target of $150,000.