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๐ต๐ฅ What's the DOMINANCE of USDT for? ๐จ๐ด๐
1. What is the DOMINANCE of $USDT ?
Simple: It's the % of all the cash in the crypto market that's parked in USDT, or in "digital dollars."
If USDT dominance goes up, it means people are selling their cryptos and switching to dollars to avoid losses. They're scared, which is a prime buying opportunity ๐ฌ
2. And what does it have to do with Bitcoin Dominance?
Theyโre like the yin and yang of the market, my king ๐
- USDT goes up + BTC goes down = Total Panic. Everyone sells BTC and altcoins to shelter in dollars. Time to have your finger on the trigger to scoop up cheap buys.
- USDT goes down + BTC goes up = Fear is over. People pull their USDT from under the mattress and pump it into Bitcoin and altcoins. Time to look for longs ๐
- Both go down = ALTSEASON, BRO! Money flows out of USDT and BTC straight into the small coins looking for that x50.
3. Whatโs it for? What does it solve? ๐๐
It answers the million-dollar question: "Is people scared or hungry?"
Just by watching the USDT dominance, you can tell if cash is waiting on the sidelines or if it's jumping into the ring. Itโs the marketโs fear thermometer.
How to cash in on this, my partner?
If you see USDT dominance sky-high and then starts to drop, it's a signal to hop on the bus. Thatโs where the best entries are made.
And to trade like the big boys, Iโm going with Binance ๐
They have the USDT.D and BTC.D charts right there on the platform. No need to leave, no hassle. Plus, the fees are super low and liquidity is insane so you can enter and exit without getting hit with the spread.
Who else uses USDT dominance for trading? Are you keeping an eye on it this week? Drop a line because we all help each other out here ๐๐
$BTC #Binance #BinanceLatam #BinanceSquareBTC @Binance BiBi @Binance LATAM Official @Binance Square Official @Nano Holder Note, this isn't investment advice