The chart shows a clear descending triangle pattern in the USDT dominance (USDT.D), with the dominance steadily declining and forming lower highs along a downward trendline.
This indicates weakening demand for stablecoins, which often correlates with increased risk appetite in the market as investors shift their funds from stablecoins to altcoins.
This indicates weakening demand for stablecoins, which often correlates with increased risk appetite in the market as investors shift their funds from stablecoins to altcoins.
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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.