Tether Dominance Surges to 6% — A Red Flag for the Market?
The post Tether Dominance Surges to 6% — A Red Flag for the Market? appeared on BitcoinEthereumNews.com.
In November 2025, the Tether Dominance index (USDT.D) — the share of USDT’s market cap relative to the total crypto market cap — officially surpassed 6%. It also broke above a descending trendline that had remained intact since 2022. Analysts have expressed concern as USDT.D breaks a long-term resistance level. The move often signals the beginning of a major correction or even an extended bear market for the entire crypto market. How Significant Is the Rise of USDT.D in the Market Context of November? TradingView data shows that USDT.D reached 6.1% on November 18 before pulling back to 5.9%. Sponsored Sponsored Earlier in the month, this metric sat below 5%. The increase reflects heightened caution among investors. Many have rotated capital into the most liquid stablecoin instead of deploying funds to buy deeply discounted altcoins. USDT.D vs. Total Market Cap. Source: TradingView Historical data indicate a strong inverse correlation between USDT.D and total market capitalization. Therefore, USDT.D breaking above a trendline that has held for nearly four years may signal deeper market-wide declines ahead. Several analysts expect USDT.D to climb toward 8% by the end of the year, implicitly suggesting that a bear market may be forming in November. This projection has merit because fear continues to grow and shows no signs of easing. In addition, the well-known analyst Milk Road highlights a notable shift in the stablecoin market. DefiLlama data shows that the total stablecoin market cap fell from $309 billion at the end of October to $303.5 billion in November. Stablecoin Market Cap. Source: DefiLlama. The stablecoin market has shed approximately $5.5 billion in less than a month. This marks the first significant decline since the 2022 bear market. The DefiLlama chart reveals that, after four years of continuous growth, the curve has flattened and is starting to…
Filed under: News - @ November 19, 2025 3:28 pm