USDT.D, which stands for Tether Dominance, shows the share of the stablecoin USDT in the total cryptocurrency market. This metric is an important indicator for understanding investors' risk appetite. When USDT.D rises, investors typically move from risky assets to stablecoins. This is considered a negative signal for the crypto market. Therefore, there is an inverse correlation (negative relationship) between USDT.D and Bitcoin.
The upward trend that has been ongoing since January has now been broken. This break indicates that the market's risk appetite has increased and investors have shifted from stablecoins to risky assets. Bitcoin's recent rise can also be seen as a result of this break.
Currently, USDT.D is trading close to a support zone. According to Fibonacci retracement levels drawn from the peak, the 0.5 level is a notable area. This point appears to be a technically suitable level for USDT.D to react and potentially continue its decline.
The upward trend that has been ongoing since January has now been broken. This break indicates that the market's risk appetite has increased and investors have shifted from stablecoins to risky assets. Bitcoin's recent rise can also be seen as a result of this break.
Currently, USDT.D is trading close to a support zone. According to Fibonacci retracement levels drawn from the peak, the 0.5 level is a notable area. This point appears to be a technically suitable level for USDT.D to react and potentially continue its decline.
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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.