Work of art — isn’t it?
Anyway, this is one of the most important charts in Crypto: USDT dominance.
Why?
Because it can be used as a signal to switch from a risk-on to a risk-off approach.
Let me explain:
A rise in USDT dominance indicates that investors are moving funds into USDT to protect themselves against volatility, suggesting bearish market conditions or risk aversion.
Conversely, a decrease in USDT dominance might indicate that investors are reallocating capital into riskier assets like Bitcoin or altcoins, signaling bullish market sentiment.
I was scanning the market this morning and, as soon as I charted this, I thought — damn, everything is really aligning perfectly.
We just got another rejection from the key area of 6.50%, which also aligned perfectly with the 61.8% Fibonacci level — that’s a powerful combo.
Correct me if I’m wrong, but everything in this chart looks bearish to me — which, conversely, is bullish for the Crypto market.
Ready for winning season? 𓂀
