Stablecoin Exchange Supply Ratio Reaches 0.457 as Bitcoin Trades Above $100,000

Bitcoin remains above $100,000 as the Exchange Supply Ratio for stablecoins hits 0.457, the highest level in 2025, according to CryptoQuant data cited by XWIN Research Japan. The U.S. Dollar Index has declined approximately 8% year-to-date, with a correlation coefficient of -0.52 against Bitcoin indicating an inverse relationship. Total stablecoin market capitalization across major issuers approaches $260 billion.