In November 2025, I shared this chart...
Stablecoin Dominance was breaking out.
I said it was a harbinger of more pain around the corner.
So far, that call has been spot on and it's only strengthened.
The chart is $USDT.D + $USDC.D.

Here was the first time I shared this chart:

Caleb Franzen
@CalebFranzen
11-21
Just look at the chart of USDT.D + USDC.D.
Massive reacceleration in recent weeks, but had a local low in August 2025 and another one on October 6, 2025.
Stablecoin dominance is now at its highest levels since October 2023... more than 2 years ago!
This is a defensive market.

Sector:
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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