$USDT and $USDC Market Caps Money flow in the crypto market comes from two sources: • Inflow – fresh fiat transferred to issuers (Tether for USDT, Circle for USDC) to mint new stablecoins. • Rotation – existing capital in the market moving between projects and coins.
The charts below show USDT and USDC market caps. Normally, USDT dominates without question, as it’s used more widely worldwide. USDC, being more regulated and available mainly in regions like the USA and Latin America, tends to see less new minting.
However, over the past six+ months, USDT has been underperforming USDC, not just slightly, but with a clear and distinct dominance by USDC. This suggests strong participation from markets where USDC is prevalent, which is a very positive sign.
Historically, this kind of shift often appears right before euphoric phases in the market.
Strong bounce from the recent low around $114,737.
The last candle is a strong green daily candle breaking above EMA(7) and EMA(25), showing short-term bullish momentum.
Resistance ahead at $119,430 – $123,218.
2. Moving Averages
EMA(7) > EMA(25) crossover is in progress, a bullish signal if it confirms.
EMA(99) is far below at $109k, showing that the broader trend is still bullish.
3. Indicators
Stoch RSI: 70.54 — entering the overbought zone, but still room to move higher before topping out.
RSI (6): 66.63 — bullish but near short-term overbought.
MACD: Negative but converging, histogram showing decreasing red bars → possible bullish crossover soon.
4. Volume
Daily volume is picking up, which supports the breakout attempt.
Prediction
Short-term (next 1–3 days): Likely to test $119,430, and if broken, could aim for $123,000.
Risk: Overbought indicators suggest some pullback could occur after testing resistance.
If longing: Better entry was around $115k–$116k; now you’d be chasing a breakout, so use tight stop-loss (~$117k).
If shorting: Safer only if price gets rejected at $119.4k–$120k.
📌 Bias: Slightly bullish for now — could long for a quick move toward $119.4k–$123k, but don’t hold if rejection signs appear. If you want, I can give you an exact trade plan with entry, stop-loss, and take-profit levels based on this chart. $BTC