The USDT dominance chart is IMO the most important chart to watch, not only now, but on daily basis. It helped me to predict all the major moves, for example:
When it reached the 3.82% level we had: 1) End of March 2022 ( last push before the bear market) 2) End of March 2024 (local top and huge correction move) 3) Recently December 2024 a brutal 30% /40% correction
Now what's next? If this level (3.82%) holds and builds structure, it could signal a double bottom and the start of the bear market, with USDT dominance potentially topping at 17%, a true bear market capitulation event, and the best time to buy for the next bull run. However, losing 3.82% could trigger a "banana phase" – with everything pumping harder than you can imagine! 🍌
I'll personally exit all longs if we have acceptance above 4.5%. I'll add more to my longs if we lose on HTF 3.82%.