Dominance — BTC.D · ETH.D · USDT.D · OTHERS.D

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For each day, dominance_x = marketcap_x / Σ marketcap (within our tracked universe). OTHERS.D = 1 − (BTC.D + ETH.D + USDT.D). Stablecoin dominance (USDT.D) is a useful liquidity proxy; rising USDT.D historically coincides with risk-off.