Tether Reaches Highest Dominance Since April, Underscoring BTC Downtrend
CoinDesk
Tether's dominance hit its highest level since April, signaling increased risk aversion as Bitcoin declined.Summary
Tether's dominance in the cryptocurrency market has surged to its highest point since April, reflecting significant risk aversion among investors. As the world's largest dollar-pegged stablecoin, Tether (USDT) acts as a preferred store of value during market turbulence, meaning investors are parking capital in USDT as the broader market weakens. This trend coincides with Bitcoin losing 11% in the current month, falling to $97,630. Historically, sharp increases in Tether dominance often mark the onset of bear markets as traders seek capital preservation, a pattern sometimes indicated by the MACD histogram crossing above the zero line.
(Source：CoinDesk)