We haven’t looked at
#BTC and
#USDT Dominance in a while — and their rise typically signals increasing capital outflows from altcoins.
A continued increase in USDT Dominance indicates that market participants are rotating into stablecoins (moving to USDT).
Recently, USDT.D closed the day above 6.78, pushing even higher and approaching its previous peak. However, it faced rejection from the pink box resistance zone — a level it has failed to break in the past as well.
If a daily close occurs below 7.57, the downside move could deepen.
A decline in USDT Dominance would imply that capital is rota