BTC Dominance Exclude Stablecoins(USDT, USDC, DAI) — Indicator by xiaolaichen

fundamental volumestudies cryptocurrency dominancebtc

This index's goal is to show the true bitcoin dominance relative to other risky crypto assets, excluding the diluting effects of those ever-increasing stablecoin(USDT, USDC, DAI)'s market cap. In this index, we can see the BTC dominance has been solid increasing & construct bottom during recent fear/bear.

Xiaolai Chen
Sept 14th 2022

Release Notes:

This update include BUSD marketcap to reflect the ever increasing market power of Binance and its BUSD.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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