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Home»ALTCOIN NEWS»According to analyst Jason Pizzino, it may be a careful time in the crypto market.
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According to analyst Jason Pizzino, it may be a careful time in the crypto market.

By Crypto FlexsMay 14, 20253 Mins Read
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According to analyst Jason Pizzino, it may be a careful time in the crypto market.
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The widely followed encryption analyst says that one stablecoin metric may indicate when Bitcoin (BTC) and other digital assets will be in a decline.

In the new video update, the encryption strategist Jason Pizzino says 351,000 Youtube subscribers can be negatively affected if the price of Bitcoin’s and other encryption assets is not lower than the 3.7% support level.

Compared to the rest of the encryption assets, optimistic USDT dominance, which is a ratio of USDT’s market cap, is generally weak for Bitcoin and other cryptocurrency. The trader indicates that it is unloading the encryption in favor of Stablecoin.

“In the next few months, if it doesn’t go through 3.7%to 4.5%, it will probably lead to USDT dominance.

This is where money is encrypted. This is the same as our global currency supply for Bitcoin. If it is not expected, if it is not disclosed, where is the money from? Some people may just say that they just buy ETF (Exchange-Traded Funds). And it proceeds straight to the cold and hard USD to ETF and Bitcoin ETF.

This has a strong correlation between the two, and forgetting it seems unusual. Yes. I have already heard what the debate says. It’s definitely, but it’s still a good idea to keep it while it works. ”

Source: Jason Pizzino/YouTube

At the time of writing, USDT.D is emerging at 4.53%.

He also says that the chart must be dropped to 5% or less to trigger the dominance of the USDC issued by the Tether and Circle, which combines the dominance of the USDC issued by Circle and trigger the explosive rally of BTC, Ethereum (Etherem) and other digital assets.

“Now the other is the two largest stablecoin because it is USDT and USDC dominance.

You have returned to the double floor of 5%. Therefore, this chart must be categorized at 5% to see significant profits for Bitcoin and ETH. ”

Source: Jason Pizzino/YouTube

https://www.youtube.com/watch?v=7WC5ZN7WLYM

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Exemptions: The opinions expressed in Daily HODL are not investment advice. Investors must do live action before making high -risk investments in bitcoin, cryptocurrency or digital assets. Transfer and transactions are at their danger, and the loss that can occur is your responsibility. Daily HODL is not recommended to purchase or sell cryptocurrency or digital assets, and Daily HODL is not an investment advisor. Daily HODL participates in affiliate marketing.

Created image: Midjourney

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