Tether Dominance Signals Bitcoin’s Next Peak, Says Peter Brandt
Tether dominance, the market share of USDT, has historically correlated with Bitcoin price peaks. Analyst Colin Talks Crypto’s model shows that each time Tether dominance nears its historical upper curve, significant Bitcoin highs follow—seen in the 2021 double peak and the failed $70,000 run in 2024. Based on this pattern, Bitcoin could reach $140,000–$150,000 by October 2024. Peter Brandt highlights that the model is a market timing tool rather than an exact price predictor and believes Bitcoin still has upside this cycle. Traders should track Tether dominance to optimize entry and exit points as dominance approaches key thresholds.
Bullish
Tether dominance has reliably led Bitcoin price peaks in past cycles, indicating that rising USDT market share often precedes major rallies. The model’s projection of $140K–$150K by October 2024 suggests further upside, reinforcing bullish sentiment. In 2021, peaks in Tether dominance aligned with Bitcoin’s double tops, and the 2024 near-$70K attempt failed once dominance plateaued. Since current dominance remains below historical highs, there’s room for BTC to climb. Short-term, traders can use dominance thresholds to time entries and exits; long-term, sustained USDT inflows signal continued liquidity fueling a rally.