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Data: Tether's market share hits a new high since April, as market risk aversion intensifies.

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According to a report by CoinDesk, Tether's market capitalization has reached 184 billion USD, with its market dominance recently surging to the highest level since April, reflecting a strong risk aversion sentiment in the overall crypto market. The current crypto market continues to face pressure, with Bitcoin having fallen 11% this month to 97,000 USD, as investors are transferring funds to USDT and other USD stablecoins to preserve value. Historical data shows that during bear markets, Tether's dominance tends to rise sharply, as traders prefer to protect their capital by holding stablecoins. Based on historical patterns, when the MACD histogram breaks above the zero line, it usually signals the start of a bear market and is accompanied by bullish momentum in USDT dominance.

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