📉 The golden intersection on the USDT dominance chart showed that the downward pressure on Bitcoin may continue.
💵 Last week, USDT dominance increased to 9%, while $BTC price dropped approximately 14% and briefly fell below $60,000.
📊 While USDT’s market share increased, its total market value decreased for three consecutive weeks, which strengthened the capital outflow.
🏦 Spot Bitcoin ETF exits and increased competition from artificial intelligence stocks supported the weakening in risk appetite.
Read More: The golden cross seen on Tether’s market dominance indicator indicated that downward pressure may continue for Bitcoin
The post Golden cross seen on Tether’s market dominance indicator indicated that downward pressure for Bitcoin may continue appeared first on .
