USDT's flashing a golden cross and that may be bad news for bitcoin

The article argues that a bullish golden cross on USDT dominance is a bearish sign for bitcoin and the wider crypto market. USDT’s rising share of total crypto market cap suggests investors are rotating out of riskier assets and into stablecoin or even fiat, reflecting a deeper risk-off tone. The piece says this is not just a pause: USDT dominance jumped 13.5% to 9% last week as bitcoin fell nearly 14% and briefly dropped below $60,000, while USDT market cap fell for a third straight week, implying some capital left crypto entirely. The setup is reinforced by bitcoin’s weak weekly performance, ongoing outflows from spot U.S. ETFs, and competition from AI stocks for institutional money. Overall, the market message is cautious and suggests downside pressure may persist unless USDT dominance reverses.