mattaroo on Nostr: To get a very clear signal of what people are doing with their money in times of ...
To get a very clear signal of what people are doing with their money in times of uncertainty like we are seeing today, looking at Bitcoin dominance and USTD and USDC dominance is helpful because Bitcoin is no longer the only place people are fleeing to anymore. They are also sitting in cash, on the sidelines in stablecoins. Right now we’re at ~72%. That means about 72% of all crypto is parked in either Bitcoin, USDT, or USDC. In the last cycle, this number peaked at 75%—right before the market flipped, and altcoins had their run. It will be interesting to watch what happens this time around. I have a feeling that things are going to be different.
Published at
2025-05-04 14:19:40Event JSON
{
"id": "39d77b747d3d81cd636ecdf5b473e30fda07872de6e9a00da9ba50d47102d1bd",
"pubkey": "73b90bdd05447f972ea5b7f9477c066dc7dfcacdc989212b6dbc8c79f2daee42",
"created_at": 1746368380,
"kind": 1,
"tags": [],
"content": "To get a very clear signal of what people are doing with their money in times of uncertainty like we are seeing today, looking at Bitcoin dominance and USTD and USDC dominance is helpful because Bitcoin is no longer the only place people are fleeing to anymore. They are also sitting in cash, on the sidelines in stablecoins. Right now we’re at ~72%. That means about 72% of all crypto is parked in either Bitcoin, USDT, or USDC. In the last cycle, this number peaked at 75%—right before the market flipped, and altcoins had their run. It will be interesting to watch what happens this time around. I have a feeling that things are going to be different.\n\nhttps://image.nostr.build/b4cbfebfb1db81ae24a8f77a295428b7b2b2fe52bcec33ed69960010d9bba49d.png",
"sig": "538dd7bb0121f76003b1a4e814ff6c3c8c76f5f3ccebc8a0304c33b60938cb78c91f9bf52505f927859ca4b175bc42e0a07b325c86492e2a15f93eda47ab729d"
}
