(or how ETF flow will overshadow stablecoin dynamics)

Yes, we are accustomed to the traditional dynamics

The traditional one where money flows from dollars to tether, from tether to BTC, and from BTC to altcoins.
Here an old post linking Stable Dominance, Stable Total Market Capitalization and BTC Gains

But now, the middleman will be taken out of the equation

How so? The old ones say, "once BTC is worth a lot, you won't measure it in dollars anymore."

The end of 2023 resembles the end of 2020

A year where the macro thesis of the asset proved true, and the unit value of BTC rose. Consequently, stablecoin dominance plummeted while BTC dominance* (BTC.D on TradingView) revisited old points, like the 57.21% lost in April 2021, possibly reaching 70.31% touched in January of the same year.

Conclusion

We posit here that we will see dominance tests at these higher levels; shortly after, we'll observe the shift from BTC to altcoins, leading to more asymmetric opportunities for investors. 📈🔍 Chart Link Here -> My old Dominance Post Show Less