When I look at the USDT.D chart, I realize that the cash ratio in the market has truly reached a critical point. It is currently hovering around 7.63%, and this level is technically a very important resistance zone. The downward trend of the yellow trend line and the horizontal channel at the top seem to continue preventing tether dominance from moving higher.



The overbought regions marked in yellow on the lower indicators make me think. History shows us that every time we reach these levels, the famous bull seasons in the market begin. Now, dominance might be preparing to move downward along the gray arrow. This means that the massive liquidity waiting in cash will flow into crypto assets.

From a technical perspective, the weakening of tether dominance indicates an increase in risk appetite. Is the chart showing us the start of a cycle? Or will this time be different? I wonder. #USDT #Dominance
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