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Bitcoinist
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Bitcoin Open Interest To Cap Ratio Hits 2-Year High, Cooldown Imminent?
- The Bitcoin Open Interest to Market Cap Ratio has surged to a 2-year high.
- The Open Interest measures the total amount of derivatives positions related to BTC.
- The ratio implies paper BTC has been printed faster than the Market Cap has risen.
- High Open Interest to Market Cap Ratios historically indicate excess leverage in the sector.
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