People seem to be overlooking this chart:
A drop in USDT dominance is bullish.
A rise in USDT dominance is bearish.
Here’s why:
When USDT dominance decreases, it signals money moving into cryptocurrencies. Conversely, when it increases, it reflects fear as funds shift into stablecoins for safety.
Currently, USDT dominance is at critical support. If this level breaks, it could mark the start of the true bull run.