On the top chart we have the BTC/USD index, and on the bottom chart we have the sum of the dominance of the main stablescoins: USDT, USDC, DAI and UST.
As a rule, when the dominance of stablecoins rises, the price of BTC falls.
Just look at the respective numbered arrows. The only exception was arrow number 3, which had a more lateral movement in the dollar's dominance.
Now looking at this exact moment, we have a rise in stablecoin dominance.
The next resistance is at 7.75% (if dominance continues to rise).
As a rule, when the dominance of stablecoins rises, the price of BTC falls.
Just look at the respective numbered arrows. The only exception was arrow number 3, which had a more lateral movement in the dollar's dominance.
Now looking at this exact moment, we have a rise in stablecoin dominance.
The next resistance is at 7.75% (if dominance continues to rise).
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🟠Bitcoin: bc1qv0j28wjsg6l8fdkphkmgfz4f55xpph893q0pdh
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⚡Bitcoin Lightning Network: forwardocean64@walletofsatoshi.com
🟠Bitcoin: bc1qv0j28wjsg6l8fdkphkmgfz4f55xpph893q0pdh
🔵Litecoin: ltc1q4lssqlf6lnmpe4w7npdl5ws2uamm4v5zxwmf5j
