Flight to safety evident in dominance metrics
Bitcoin and stablecoin dominance tell a story of growing de-risking in the market.
Jun 7th 2022
Source: Tradingview (BTC, USDT, USDC, BUSD, ETH), Coingecko
The bitcoin dominance currently sits at 46.13%, on par with the highs seen in October 2021. This is an interesting metric to cover in isolation, as it tells a story of de-risking in the market.