Hi guys
Given that the market is currently in a very ambiguous situation, it is good to take a look at the USDT dominance chart.
Given the rising USDT dominance, it indicates that traders are withdrawing their capital from crypto, and this will lead to further declines in bitcoin and cryptocurrency.
But since the crypto transfers that took place in these few days, and I will give a few examples below this post, it shows that some whales think that the price has stabilized on these points and is likely to grow. They give the crypto market, which in my opinion if the USDT dominance breaks the support of 3.58, our next support is at 3.48 and we will see good growth in crypto during this period.
🔴Some important whale transfers:
🚨2,500 #BTC (103,259,821 USD) transferred from #Coinbase to unknown wallet
Details
🚨 1,000 #BTC (42,234,102 USD) transferred from #Coinbase to unknown wallet
Given that the market is currently in a very ambiguous situation, it is good to take a look at the USDT dominance chart.
Given the rising USDT dominance, it indicates that traders are withdrawing their capital from crypto, and this will lead to further declines in bitcoin and cryptocurrency.
But since the crypto transfers that took place in these few days, and I will give a few examples below this post, it shows that some whales think that the price has stabilized on these points and is likely to grow. They give the crypto market, which in my opinion if the USDT dominance breaks the support of 3.58, our next support is at 3.48 and we will see good growth in crypto during this period.
🔴Some important whale transfers:
🚨2,500 #BTC (103,259,821 USD) transferred from #Coinbase to unknown wallet
Details
🚨 1,000 #BTC (42,234,102 USD) transferred from #Coinbase to unknown wallet
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.