USDT vs USDC The Last Rush
- Everything is in the chart.
- So my own deduction ( and only my own ) is : " Actually BTC not dipped so much "
- They pushed it hard, many peoples turned their BTC and Altcoins to USDT/USDC for safety.
- BTC is still not yet considered as a reserve like Gold in case of crises, peoples still scare and back really fast to the old paper money system when panic is around.
- i will link following this post a PAXG/BTC Chart to show what happened when BTC dipped.
- just look at indicators and you will clearly understand how much stables coins pushed high and Mooned/Marsed in the red " Overbought " Zone.
- Results : TheKing is still around 20k.
- that said, we can notice that USDC is gaining much more interests than USDT, just because USDC (Circle) is backed by cash and short-term U.S. government bonds as collateral.
- after the "LUNA-UST" Crash peoples started to fear and they are right, so they turned their Stables to USDC.
- in near future, USDC will gains more dominance on USDT and the next Dip could results in an Equal Dominance ( 3.80% - 3.20% )
i hope this post help to understand the situation, be H4ppy and St4y S4fe !
Happy Tr4Ding !
- So my own deduction ( and only my own ) is : " Actually BTC not dipped so much "
- They pushed it hard, many peoples turned their BTC and Altcoins to USDT/USDC for safety.
- BTC is still not yet considered as a reserve like Gold in case of crises, peoples still scare and back really fast to the old paper money system when panic is around.
- i will link following this post a PAXG/BTC Chart to show what happened when BTC dipped.
- just look at indicators and you will clearly understand how much stables coins pushed high and Mooned/Marsed in the red " Overbought " Zone.
- Results : TheKing is still around 20k.
- that said, we can notice that USDC is gaining much more interests than USDT, just because USDC (Circle) is backed by cash and short-term U.S. government bonds as collateral.
- after the "LUNA-UST" Crash peoples started to fear and they are right, so they turned their Stables to USDC.
- in near future, USDC will gains more dominance on USDT and the next Dip could results in an Equal Dominance ( 3.80% - 3.20% )
i hope this post help to understand the situation, be H4ppy and St4y S4fe !
Happy Tr4Ding !
Nota
Get the move between GOLD vs BTC to understand more : Nota
Extra Moon : Stables are now Totalizing 15.30% of the Total Crypto Market.Nota
Nota
USDT gave up already. USDC is still trying to reach Mars. Stables-DOM Rekt is coming.Nota
wait & see.Nota
Trade fechado: objetivo atingido
Nota
Link to the new Chart :
Nota
New Chart here :
Trade fechado: objetivo atingido
Remember, what goes up must come down, a principle rooted in the Fibonacci sequence.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.