What Stablecoin Dominance Reveals About the Bear Market May 20, 2026 Q2 · Issue #44 Aspirin · Cycle Analysis from a Data Scientist's Perspective Stablecoin Dominance: The "unfortunate pattern" remains in play. Each pullback to the 21-week MA is followed by further upside — consistent with 2022 bear market behavior. The larger the base, the longer the trend. BTC Dominance: Still rising when stablecoins are excluded. The one-way capital concentration into BTC is unchanged, and altcoins remain structurally weak. Timing: June produced major lows in both 2018 and 2022. With BTC now rejected at the 200-day MA, June once again emerges as a critical window for a directional shift. When everyone is celebrating the rally, stablecoin dominance is quietly telling you the truth: smart money is still on the sidelines. What do you think? When will stablecoin dominance's uptrend end? Let's discuss in the comments.