Tether Dominance (USDT.D) 表示比特币 (BTC) 正在下跌

Tether Dominance 的下跌于 2024 年 3 月结束。如果我们查看该日期之前的图表，我们看到的只是看跌行动、更低的高点和更低的低点。

Bitcoin’s recent price rally may be coming to an end, at least according to one technical indicator.

至少根据一项技术指标，比特币最近的价格上涨可能即将结束。

In a recent tweet, X post contributor Alan Santana highlighted the rising market dominance of Tether (USDT) as a potential signpost for the upcoming bearish trend in the BTC price.

在最近的一条推文中，X 帖子撰稿人艾伦·桑塔纳 (Alan Santana) 强调了 Tether (USDT) 不断上升的市场主导地位，认为这是即将到来的 BTC 价格看跌趋势的潜在路标。

Tether Dominance's decline ended in March 2024. If we look at the chart before this date, all we have is bearish action, lower highs and lower lows.

Tether Dominance 的下跌于 2024 年 3 月结束。如果我们查看该日期之前的图表，我们看到的只是看跌行动、更低的高点和更低的低点。

The last drop was very steep and produced a rounded bottom. Out of this… pic.twitter.com/ZvQh31khAi

最后的下降非常陡峭并产生了圆形底部。出于这个...... pic.twitter.com/ZvQh31khAi

Tether Dominance, an indicator that measures the market capitalization of USDT relative to other cryptocurrencies, had been in a downtrend for most of Q1 2024, displaying a series of lower lows and lower highs. However, this trend appeared to shift dramatically in March 2024, forming a rounded bottom on the price chart, which could indicate a potential rebound in USDT.D.

Tether Dominance 是衡量 USDT 相对于其他加密货币市值的指标，在​​ 2024 年第一季度的大部分时间里一直处于下降趋势，显示出一系列较低的低点和较低的高点。然而，这一趋势似乎在 2024 年 3 月发生了巨大转变，在价格图表上形成了圆底，这可能表明 USDT.D 可能出现反弹。

Tether's Impact on Bitcoin

Tether 对比特币的影响

Recent price action has seen Tether organize itself within a symmetrical range, bound by an upward sloping trendline with higher volumes on the bullish side. Each time USDT.D approaches the lower boundary of this channel, the asset tends to bounce from this level, coinciding with an upward move in the BTC price, showcasing an inverse relationship between the two assets.

最近的价格走势表明，Tether 在一个对称的区间内组织起来，受到向上倾斜的趋势线的限制，看涨一侧的交易量较高。每次 USDT.D 接近该通道的下限时，该资产往往会从该水平反弹，与 BTC 价格的上涨同时发生，显示两种资产之间的反比关系。

The upward movement of USDT Dominance in the second half of October has reinforced this tendency, leading to the assumption that the recent bullishness in Bitcoin may be short-lived. Some traders see this as a sign of flight to quality, a trend that usually precedes a return of volatility in Bitcoin.

10 月下半月 USDT 主导地位的上升趋势强化了这一趋势，导致人们认为比特币近期的看涨可能是短暂的。一些交易员认为这是转向质量的迹象，这种趋势通常先于比特币波动性回归。

Tether has risen in prominence as a point of reference within the crypto market, particularly during periods of volatility. When USDT.D rises, it could be a sign that investors are rotating into safer assets, which could be bearish for Bitcoin in the coming sessions.

Tether 作为加密货币市场的参考点日益受到关注，尤其是在波动时期。当 USDT.D 上涨时，这可能表明投资者正在转向更安全的资产，这可能在未来几个交易日利空比特币。

Tether's Growing Market Influence

Tether 不断增长的市场影响力

The recent bullishness in USDT also serves as a point of interest for Bitcoin investors to pay close attention to market conditions, as the two assets tend to move in opposite directions prior to major shifts. In this vein, the crypto market is also watching closely at USDT.D as a potential indicator of what may come next for Bitcoin.

USDT 最近的看涨也成为比特币投资者密切关注市场状况的一个兴趣点，因为这两种资产在重大转变之前往往会朝相反的方向发展。在这方面，加密货币市场也在密切关注 USDT.D，将其视为比特币下一步走势的潜在指标。

Given that Tether is the dominant force in the market and its rising market share is a warning sign for those with exposure to Bitcoin, this development may provide some insight into where BTC is headed. Hence, market participants are advised to pay attention in the coming days.

鉴于 Tether 是市场的主导力量，其不断上升的市场份额对于那些接触比特币的人来说是一个警告信号，这一发展可能会为人们了解 BTC 的发展方向提供一些见解。因此，建议市场参与者未来几天予以关注。