Domination of USDT + USDC and lows/maxims of BTC. Correlation
Updated
In the graph, combined into one graph of the dominance of such stablecoins as USDT and USDC.
Orange color—chart of the bitcoin price against the dollar.
The time interval is 1 week. The graph is logarithmic.
The same chart and the same parameters on the candlestick chart.
All BTC price lows and highs are specially shown. Compare what the capitalization of stablecoins was at the time.
At an earlier time, the dominant stablecoin was one USDT, later USDC was added. They occupy a significant capitalization. BUSD and DAI are less capitalized. They too can be added to this “indicator” of the Pumps/Dumps market.
I think the dominance history and the bitcoin overlay chart illustrate well which market phase and in which areas to buy and sell bitcoins and other speculative crypto coins.
Centralized Stablecoin capitalization of a decentralized market.
Sounds crazy, doesn't it? The dominance of centralized in a decentralized market. The 3rd,4th,6th places are naturally occupied by centralized stablecoins such as: #USDT #USDC #BUSD.
This kind of decentralized cryptocurrency financial world (freedom from the dictatorship of banks, power states, and so on) did you imagine, for example, in 2015-2017? Is it good or bad? What will happen after a while? What trend will develop further after the community bait has been swallowed?
3rd place. USDT ( .... "Reds" .... )
$67,562,687,657
4th place. USDC (Circle, Coinbase, JPMorgan, Blackrock .... )
$51,726,419,583
6th place. BUSD (Binance)
$20,003,320,692
13th place DAI ETH (!)
BTC and ETH dominance.
Continuing on this “democracy” theme of crypto sandbox capitalization. Today 14 09 2022.
Market Cap: $989,560,104,72
Dominance:
#BTC: 38.9%
#ETH: 19.9%
Total 2 assets: 58,7%
Also add 3,4,6,13 top stablecoins to this.
Stablecoins over 20%.
Almost 60% of the market is 2 assets.
Over 80% of the market is 6 assets.
So much for the true mythology of decentralization ))).
How to look for a “live chart” for yourself and combine the dominance of USDT and USDC:
1) Look for the MARKET CAP USDT DOMINANCE, %
2) On the right side of the chart in the search field, press the + button
3) Write MARKET CAP USDC DOMINANCE, %.
For the analysis, it will also be useful to track at the same time:
1) BTC dominance
2) US dollar index (DXY, USDX)
BTC dominance
BTC to altcoin dominance. Stablecoin dominance and market pamp.
US Dollar Index (Fed)with prices of BTC lows/maxims. Correlation of assets.
DXY and PampDump BTCMarkets Cycles.
This is what it looks like on a line chart to illustrate simple correlation things.
Preparedness for force majeure.
I would also like to say that all stabelcoins are focused on the "stability" of the U.S. dollar. Think about what would happen if, for some reason, that stability were to be undermined in the blink of an eye. Then you are faced with a very difficult choice.
What to do? Sell/buy cryptocurrency/shares? Just think ahead "What do you do" if, purely hypothetically, for some fantastic, hard-to-imagine reasons this happens. Think ahead in today's calm time (are you sure it's not calm now?), so you won't be caught off guard in a turbulent time.
Orange color—chart of the bitcoin price against the dollar.
The time interval is 1 week. The graph is logarithmic.
The same chart and the same parameters on the candlestick chart.
All BTC price lows and highs are specially shown. Compare what the capitalization of stablecoins was at the time.
At an earlier time, the dominant stablecoin was one USDT, later USDC was added. They occupy a significant capitalization. BUSD and DAI are less capitalized. They too can be added to this “indicator” of the Pumps/Dumps market.
I think the dominance history and the bitcoin overlay chart illustrate well which market phase and in which areas to buy and sell bitcoins and other speculative crypto coins.
Centralized Stablecoin capitalization of a decentralized market.
Sounds crazy, doesn't it? The dominance of centralized in a decentralized market. The 3rd,4th,6th places are naturally occupied by centralized stablecoins such as: #USDT #USDC #BUSD.
This kind of decentralized cryptocurrency financial world (freedom from the dictatorship of banks, power states, and so on) did you imagine, for example, in 2015-2017? Is it good or bad? What will happen after a while? What trend will develop further after the community bait has been swallowed?
3rd place. USDT ( .... "Reds" .... )
$67,562,687,657
4th place. USDC (Circle, Coinbase, JPMorgan, Blackrock .... )
$51,726,419,583
6th place. BUSD (Binance)
$20,003,320,692
13th place DAI ETH (!)
BTC and ETH dominance.
Continuing on this “democracy” theme of crypto sandbox capitalization. Today 14 09 2022.
Market Cap: $989,560,104,72
Dominance:
#BTC: 38.9%
#ETH: 19.9%
Total 2 assets: 58,7%
Also add 3,4,6,13 top stablecoins to this.
Stablecoins over 20%.
Almost 60% of the market is 2 assets.
Over 80% of the market is 6 assets.
So much for the true mythology of decentralization ))).
How to look for a “live chart” for yourself and combine the dominance of USDT and USDC:
1) Look for the MARKET CAP USDT DOMINANCE, %
2) On the right side of the chart in the search field, press the + button
3) Write MARKET CAP USDC DOMINANCE, %.
For the analysis, it will also be useful to track at the same time:
1) BTC dominance
2) US dollar index (DXY, USDX)
BTC dominance
BTC to altcoin dominance. Stablecoin dominance and market pamp.
US Dollar Index (Fed)with prices of BTC lows/maxims. Correlation of assets.
DXY and PampDump BTCMarkets Cycles.
This is what it looks like on a line chart to illustrate simple correlation things.
Preparedness for force majeure.
I would also like to say that all stabelcoins are focused on the "stability" of the U.S. dollar. Think about what would happen if, for some reason, that stability were to be undermined in the blink of an eye. Then you are faced with a very difficult choice.
What to do? Sell/buy cryptocurrency/shares? Just think ahead "What do you do" if, purely hypothetically, for some fantastic, hard-to-imagine reasons this happens. Think ahead in today's calm time (are you sure it's not calm now?), so you won't be caught off guard in a turbulent time.
Note
I remind you that the logic here is as follows:
1) USDT dominance falls - good (money goes to BTC or altcoins, well and also to other stables - only USDC, everything else is temporary and it will be like with UST (Moon) and Waves stable (utilization of crowd's money to buy back the market at the lows).
2) USDT dominance is on the rise:
a) Bad, there is a market dump, fixation of BTC and other cryptocurrencies into steibles, including the main one - USDT, from which the dominance is growing.
b) An inadequate amount of USDT is printed (before the market dump). This has a local character. It is difficult to hide.
On the chart, this is usually shown by an upward squeeze (examples shown earlier). After that, this volume of USDT goes to those assets for which it was "printed", i.e. roughly speaking to BTC and other alts. This often coincides with the appearance of HYIP alts, which thanks to this volume of USDT (there is a direct correlation) and were pumped by thousands of % to the distribution zones.
Note
Crypto total cap DeFI.DCrypto total cap DeFI.D - percentage of dominance of DeFi projects
Note
Crypto total cap 3 Altseason Indicator Total 3 - capitalization without BTC and ETH
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