USDT.D is a very important metric thanks many don’t know about. It measures how much liquidity in the crypto market is sitting on stablecoin. If it’s high - like now - it means that liquidity has not been fully deployed yet.
If it goes down, it means that liquidity is flowing into coins, and mostly altcoins because the liquidity in BTC is mostly allocated and not on-chain (off chain on cold ledgers).
I'm just waiting for this to break down. Make sure you’re allocated before it happens. It goes fast.