BTCUSD USDT dominance chart is interesting. Everyones excited cos its broken multi year support on the weekly, but the week isn’t over. What if BTC breaks 100k in the next 24/48 hours, meets a nasty sell wall, swings USDT dominance up above its weekly support before week end, and continues its rise off that support, causing crypto to drop through Dec and removing all the euphoria before continuation of bull run in 2025 - thoughts, plausible?
BTCUSDjimmy3003 i would have to respectfully disagree. i don't believe there is any tradable coorelation with data to back it up. the market has been rising just fine without legal leveraged trading since early 2023.