Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
USDT Dominance Hits Key Resistance at 6% Again
⬤ Tether’s USDT dominance just got rejected again from a critical downward trendline that’s been holding for years. The latest technical analysis shows stablecoin market share stalling near resistance, which could mean market liquidity is starting to rotate back into BTC and altcoins instead of sitting idle in stablecoins. The charts reveal USDT dominance turning lower after testing that multiyear descending resistance line, currently hovering around the 6% mark.
⬤ This isn’t the first time USDT dominance has failed to punch through this resistance zone—it’s been getting rejected here across multiple market cycles. Traders pay close attention to this metric because declining stablecoin dominance often lines up with rising demand for risk assets like BTC. The rejection could be an early warning sign that accumulation is picking up across BTC and altcoins as investors move capital out of stablecoins and back into crypto assets.
⬤ Beyond the current rejection, some analysts are eyeing a potential drop below 5.5% during Q1. If USDT dominance does fall that low, it could fuel a broader market rally with upside momentum for BTC and the wider crypto market. Historical patterns show that previous dominance declines have coincided with strong market phases, though this analysis sticks to technical structure rather than short-term price predictions.