USDT's dominance rate flashed a golden cross, which may be bad news for the bitcoin (BTC) price
USDT dominance has printed a golden cross, a bullish momentum signal for the stablecoin’s share of crypto market cap. That is bearish for bitcoin because rising USDT dominance usually reflects a risk-off shift, with traders moving out of volatile assets into dollar-linked value. Last week showed that pattern clearly: USDT dominance jumped to 9% while bitcoin fell nearly 14% below $60,000. The stablecoin’s market cap also declined for a third straight week, suggesting some capital may have left crypto entirely rather than just waiting on the sidelines. Combined with bitcoin’s weak weekly performance, spot ETF outflows, and competition from AI stocks, the data points to cooling demand for crypto risk. Until USDT dominance reverses, bitcoin and the broader market may stay under downward pressure.
