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Derivatives Leverageratio 0 Leverageratio 0

Bitcoin

This compares total derivatives open interest to Bitcoin's market cap, a system-wide leverage gauge.

Why it matters

It measures how leveraged the market is relative to its size.

How it is built

Aggregate open interest is divided by market capitalization.

What to watch

High ratios mark an over-leveraged, fragile market prone to violent liquidation-driven moves.

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