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CoinOtag 2024-07-07 09:24:33

USDT Dominance as a Predictor: Has Bitcoin Reached Its Peak?

Cryptocurrency analysts are diligently examining multiple on-chain metrics to determine whether Bitcoin has reached the zenith of its current bull market. One analyst, Thomas, has underscored the utility of Tether (USDT) dominance as a predictive instrument for Bitcoin’s market peaks. Thomas’s analysis reveals that when USDT dominance hits the bottom of a defined trend line,

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