Yigit Taha OZTURK 
As volatility continues in the cryptocurrency market, USDT Dominance (USDT.D) has reached 5.55% for the first time since October 14, 2024. The 8.5% increase in the last 24 hours indicates that investors are shifting towards stablecoins. This surge suggests that market risk appetite is decreasing and investors are moving their assets to Tether (USDT) as a safe haven.
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From a technical perspective, USDT.D is currently at a critical resistance level. The order block at 5.52% is a key level for a continued upward movement. If a daily close occurs above this level, the next resistance point will be 5.90%. However, if it faces rejection, the nearest support level is the 4.79% – 4.60% Fair Value Gap (FVG) zone. Losing this support could lead to further declines toward 4.38%.
Historically, USDT Dominance rises during periods of increased selling pressure in Bitcoin (BTC) and the altcoin market. If this uptrend continues, market-wide selling pressure could intensify. However, if USDT.D declines, investors may start reallocating funds into riskier assets, leading to a potential altcoin market recovery. In the coming days, Bitcoin and major altcoins’ price movements will be the key factors in determining the market’s direction.
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