Market Cap BTC Dominance, %Éducation
Example of Interpretation of USDT, USDC, BTC.D, USDT.D
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Trading Strategy
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(USDT 1D chart)
USDT is a stable coin that has a great influence on the coin market.
Therefore, the gap decline of USDT is likely to have a negative impact on the coin market.
Since the gap decline means that funds have flowed out of the coin market, it can be interpreted that funds have currently flowed out through USDT.
(USDC 1D chart)
USDC cannot help but have a lower influence on the coin market than USDT.
The reason is that USDC markets are not operated in all exchanges around the world.
In other words, USDC can be seen as having limitations compared to USDT as an American investment capital.
Therefore, the gap increase of USDT is likely to have a short-term impact on the coin market.
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(BTC.D 1D chart)
You can refer to BTC dominance to choose which side (BTC, Alts) to trade in the coin market.
Since the rise in BTC dominance means that funds are concentrated on BTC, it can be interpreted that Alts are likely to gradually move sideways or show a downward trend.
For this interpretation to be meaningful, USDT dominance must show a downward trend.
(USDT.D 1D chart)
Because the decline in USDT dominance is likely to result in a rise in the coin market.
Therefore, if USDT dominance rises, it may be a good idea to pause all trading and take a look at the situation.
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You can roughly figure out whether funds are flowing into or out of the coin market with USDT and USDC.
You can roughly figure out which direction the funds in the actual coin market are moving with BTC dominance and USDT dominance.
As I am writing this, BTC dominance is rising and USDT dominance is falling, so it is better to trade BTC rather than Alts.
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Thank you for reading to the end.
I hope you have a successful trade.
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