How is the USDT Dominance chart is affecting your trade without you even knowing!
I bet that 90% of those who will be reading my post won't know what USDT-Dominance is! and not knowing that it affect their trades substantially!
Simply, a USDT Dominance is an index used to measure how much USDT "Cash" out there in the Horizen.
To simplify things for you, it's the amount of money out there in the world of crypto, more and more, consider the USDT-Dominance chart counts how much USDT out there in trader's hands.
So, let's say you have 1,000 $BTC and decided to sell them at current market price, you would be turning your 1,000 BTC into approximately 52,149,413.82 million USDT, this will cause a little spike into USDT-Dominance chart, showing an increase of USDT out there in the market.
Hence, whenever you want to see the real picture of the market and whether its bullish or bearish, consider checking the USDT-Dominance chart before you take any trade, because it will tell you if people are buying or are they selling their coins.
Hope you learnt something!
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Disclaimer: I don't do futures, and what I post is a Personal opinion and not a financial advice, you should always DYOR "Do your own research".
