Swissblock's warning this time was quite accurate; the defensive shift has been confirmed.

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MeNews
Analysis: Bitcoin reverts to safe-haven mode, USDT dominance rises again
ME News Report, May 29 (UTC+8), the cryptocurrency analysis platform Swissblock posted on X that Bitcoin has chosen to revert to a safe-haven mode. This is a defensive shift they previously warned about. As the risk index accelerates into the high-risk zone, the dominance of USDT rises again, indicating funds are rotating back into protection mode. The observed sequence is: risk expansion, Bitcoin losing structural strength, USDT dominance rebounding. In this environment, the market prioritizes survival over upward potential. (Source: PANews)
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