Bitcoin Approaches Golden Cross as USDT Share Declines, Indicating Increased Risk Appetite

ME News reports that on September 3 (UTC+8), Bitcoin is nearing the formation of a "golden cross" technical pattern, where the 50-day moving average crosses above the 200-day moving average—a signal often interpreted by markets as an indicator of a long-term upward trend. Although historical performance does not guarantee accurate predictions every time, this golden cross may be further supported by a declining USDT market share. Bitcoin has historically experienced 12 golden crosses, some of which preceded significant price rallies. Statistics show that among the nine measurable golden crosses, the average three-month price increase was approximately 24.9%. While fewer instances maintained the upward trend for a full year without being invalidated by a death cross, the previous three such one-year periods saw average gains of 250%. Meanwhile, USDT’s market share is approaching a "death cross"—where the 50-day moving average dips below the 200-day moving average. A declining USDT share is typically viewed by markets as a sign of rising risk appetite, suggesting capital may be shifting from stablecoins into Bitcoin and other crypto assets. The simultaneous occurrence of Bitcoin’s golden cross and USDT’s declining market share indicates strengthening market momentum and a potential improvement in sentiment toward risk assets. (Source: BlockBeats)