Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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As the price of BTC drops, the total coin money falls and the USDT dominance rises. TOTAL fell below 195.245B and USDT's dominance rose above 2.0.
TOTAL's 195.245B point is considered as a diverging point between the rise and the fall. In addition, it is considered that it is a mid to long term region section.
The rise in USDT's dominance above 2.0 suggests that most people are switching to stable coins for reinvestment. This is expected to play an important role later.
BTC's inflection date is around November 25. In addition, the next inflection day of the decline is around December 5.
Watching the flow until November 26th, it is important to decide how to continue trading next.