Bitcoin Dominance Falls As $6B In New USDT Fuels Altcoin Rotation – Details

After a multi -week explosive career, Bitcoin stopped its upward momentum at the level of 105 thousand dollars, where it stumbled to find support in a range between 101 thousand dollars and 100 thousand dollars. This withdrawal follows a period of aggressive purchase that paid BTC through many major resistance areas, including 90 thousand dollars and 100 thousand dollars, which ignites optimism through the encryption market. Although the decline may appear as a hook, many analysts view it as healthy unification before the highest possible leg.

Add fuel to the broader upward feelings, Cryptoquant data reveals that over the past twenty days, liquidity has entered more than $ 6 billion in the market through the newly released USDT. This massive capital injection reaches Tether’s total market value to $ 150 billion, highlighting more increasing benefits of the investor. As this liquidity flows to the ecosystem, attention now turns into whether Bitcoin can keep the current support zone and continue to push it towards its highest levels.

This period of monotheism can be pivotal. If BTC can keep more than $ 100,000, the upper trend remains intact. Otherwise, a deeper correction can be revealed as the market hears the last gains. All eyes are now on price behavior around this critical range.

Altcoin rotates with Bitcoin stalls less than their highest levels ever

Bitcoin is currently trading at a critical level, as Bulls seeks to defend the area of ​​100 thousand dollars and restore 103 thousand dollars to try to bring out above the highest level ever at 109 thousand dollars. While BTC is still in a bullish position in the structural standpoint, it failed to press up after reaching $ 105,000 last week, which leads to a decline that now tests the main support levels. Keeping a group of $ 100,000 is necessary to avoid a deeper correction and keep momentum in what was one of the strongest marches of the year.

However, attention began to turn to another place in the market. Axel Adler has shared visions on X, revealed that 6 billion dollars in Fresh Capital have entered the encryption space over the past twenty days through the newly released USDT, prompting Tether’s total value to $ 150 billion. While this flow of liquidity initially supports Bitcoin’s increase, the trend has recently begun to prefer altcoins.

With the start of Bitcoin’s dominance in the decrease, ETHEREUM and other altcoins absorb a meaningful part of capital flows. This rotation indicates an increased investor confidence in high risk opportunities, especially since ETH regains the main levels and Altcoins shows the possibilities of hacking. If Bitcoin continues to standardize, Momentum Altseason may accelerate in the coming weeks.

BTC Resistance Test where buyers defend key levels

Bitcoin is currently being combined slightly less than $ 103,600 after a sharp march that saw the price increased from less than 90 thousand dollars to more than 105 thousand dollars in less than two weeks. As shown in the daily chart, BTC has repeatedly tested the level of $ 103600 – an area that was a ceiling during its levels in January and March. Despite multiple penetration attempts, the price has not yet secured a clean daily closure above this level, indicating a strong supply pressure.

Support is now sitting around the range of $ 100,000 to 101 thousand dollars, which coincides with the psychological round number and the previous penetration area. To date, the bulls have been able to defend this level, which indicates the power to maintain the current structure. SMA for 200 days at 91,781 dollars and EMA for 200 days at a price of 87,508 dollars much lower than the current price levels, confirming the strong Bitcoin trend, but also indicates a short -term preparation.

The continuous collapse above 103,600 dollars would open the way towards re -testing the highest level ever at 109 thousand dollars. However, failure to keep more than $ 100,000 can lead to a deeper restoration towards low demand areas. Currently, Bitcoin remains in a bullish position, but the market is awaiting confirmation of size and price procedures to check the next step.

Distinctive image from Dall-E, the tradingView graph

Editing process For Bitcoinist, it is focused on providing accurate, accurate and non -biased content. We support strict resource standards, and each diligent review page is subject to our team of senior technology experts and experienced editors. This process guarantees the integrity of our content, importance and value of our readers.