Good morning to everyone✋
#USDT.D broke the descending trend and made a weekly close above it, which is an important signal. Due to the recent tensions, liquidity has exited #Bitcoin and altcoins, but looking at the #USDT.D data, we see that this money has not completely left the system. In other words, investors prefer to hold cash and wait on the sidelines.
Right now, the best scenario would be for USDT.D to drop back below 6% again with a decrease in tensions on the US side or on the geopolitical front. This could lead to a return of risk appetite and a relief for #Bitcoin and altcoins.
However, we should not forget the opposite scenario. If global tensions continue to rise, there is a possibility for USDT.D to increase to 9%. In such a case, selling pressure would strengthen again in both #BTC and altcoins.
In summary, money has not left the system; it is just on hold. If tensions decrease, this accumulated liquidity could return to crypto, but if tensions rise, the market will hold its breath a little longer.