Since the total number of Stablecoin market is about $ 250 billion – about 7.5 % of the total evaluation in Crypto – one player continues in the rest.
Source: alphractal
pregnancy [USDT] It now explains 66.2 % of all stablecoins in trading. This dominance shows deep liquidity, trading confidence, and location as a major bridge between FIAT and Crypto.
Usdt dominates capital flows, moves liquidity, and when and where the stablecoin reserves will move after that.
However, there is increasing concern that the concentration of liquidity may not be translated into direct support for decentralized markets, as some expected.
Sebastian Phaver, the administrative director of the CLOUD Network, told Ampcrypto,
“Many celebrate the liquidity that is supposed to bring a stablecoin mutation to digital assets, but it seems that few of them are clear where this liquidity will go …”
He also added,
“Because it seems unlikely that the liquidity Stablecoin will find its way to the decentralized ecosystems system. In fact, it appears that it is likely to remain in the hands of service providers and central systems that control these assets.”
So, how much translation of this mutation into the upper direction?
Can any of this lead to altseason?
Bitcoin and Stablecoins are now 73.5 % of the maximum of the maximum Crypto market – the last time level was seen during the main altcoin accumulation stages in previous sessions.
Historically, when the BTC and Stablecoin dominance increases exceeding 70 %, it indicates that investors are the capital of parking lots in low mobility assets, and often serve as an introduction to alternate to Altcoins more dangerous once the market conditions are converted into favorable.
Source: alphractal
Despite doubts about the incoming altseason, the current data tells a different story. \
A large amount of comfortable capital is stopped in Bitcoin and Stablecoins, awaiting the appropriate technical preparation or narrative spark to flow to high risk altcoins.
Source: https://ambcrypto.com/250B-in-stablecoins-the-altold-altseason-story-behind-tis-capital-shift/