"ALTs are overleveraged!"
Many people posting this without any context.
Yes alts are a bit overleveraged, but let's try and quantify that.
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▫️The chart below shows areas where we had similar or greater amount of OI relative to total3 mcap.
▫️While the relative OI is high it doesn't mean it can't stay elevated for weeks, even months.
▫️In terms of the risk however, this is not ideal place to FOMO.
