Get started
thechartfather

BTC.D+Stablecoin Dominance

BTC.D+(BUSD_MARKETCAP+USDT_MARKETCAP+USDC_MARKETCAP+DAI)/TOTAL*100  
thechartfather  
BTC.D+(BUSD_MARKETCAP+USDT_MARKETCAP+USDC_MARKETCAP+DAI)/TOTAL*100  
Trend Analysis Fundamental Analysis Technical Indicators Bitcoin (Cryptocurrency) BTC btc-dominance BTC-D USD usdt USDC stablecoin stablecoins
6
2
trendanalysis fundamental indicator bitcoin btc btc-dominance btc-d usd usdt usdc stablecoin stablecoins
I think the days of just looking at BTC dominance are nearing its' end now that we have more stable (generally) crypto options to "cash out" to. Before USDT/USDC, bitcoin was the safest to cash out to. I calculated dominance of top 50 overall market cap stablecoins BUSD, USDC, USDT and DAI and then added BTC.D. This way we can paint a picture of overall market risk on vs off, removing the impact trading between BTC and stablecoins has on BTC.D alone.
Equation plugged into TradingView: BTC.D+(GLASSNODE:BUSD_MARKETCAP+GLASSNODE:USDT_MARKETCAP+GLASSNODE:USDC_MARKETCAP+CRYPTOCAP:DAI)/CRYPTOCAP:TOTAL*100

Any comments, questions/concerns are more than welcome!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.