Today is quite strange, isn't it??

This time yesterday was very lively, a bright future...

But right now.

BTC is declining

Altcoin is declining

BTC Dominance (dombtc) is also declining

USDT Dominance (USDT.D) is increasing

Why?

Money is leaving the crypto market

When both BTC and altcoins are declining and BTC Dominance is also decreasing, it means that money is not just leaving altcoins to return to BTC (often seen in short-term downtrends), but is leaving both BTC and altcoins altogether.

Large investors are not "hiding" in BTC, but are selling off to stablecoins (USDT, USDC...) or withdrawing entirely to fiat

=> USDT.D is increasing

This indicates that the market capitalization ratio of USDT compared to the entire crypto market is increasing.

Reason: the value of BTC and altcoins is decreasing → total market capitalization is shrinking → the proportion of USDT in the entire market is increasing.

Additionally, many people are selling coins to hold USDT → directly increasing the market capitalization of USDT. Or large wallets are selling off.

What does this mean?

This is a risk-off signal (players are reducing risk, standing aside).

Market sentiment is pessimistic, no one dares to strongly accumulate BTC, so BTC Dominance cannot increase.

As long as USDT.D is still increasing, the downward pressure on crypto remains, because money has not returned.

👉 In summary:

BTC ↓, Alt ↓, BTC.D ↓, USDT.D ↑ = the market is fleeing to stablecoins, capital is withdrawing from crypto, and strong accumulation in BTC has not been seen.

But the concerning thing is that leveraged futures orders are increasing at a high Long ratio.

The flow of money mainly comes from wallets with less than 1 BTC.

It's really sad.