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🔥As demand for stablecoins rises and a number of institutions and companies move toward settling transactions with them, analyzing dollar dominance becomes a form of madness rather than a tool to monitor liquidity transfer.
✅️ The market capitalization of stablecoins has exceeded $300 billion and will surpass a trillion dollars in the coming years.
⛔️ With the changing market structure and increased adoption, not everyone who owns a stablecoin is trading cryptocurrencies or planning to buy Bitcoin.
✅️ Next time you see USDT.D rise, don’t just open the chart and infer bullish patterns for Bitcoin and other coins.
🔥Many indicators have become outdated and are now just decorative tools.