#Trump’s AI Strategy# The Market Is Leveraging Up on Small-Cap Coins: Altseason or a Bull Trap?
The chart below shows the relationship between market cap rank and the OI/Market Cap ratio (open interest relative to spot cap).
A high ratio means derivatives are driving price action — which increases the risk of a liquidation squeeze.
Now focus on the bottom-right section (Rank 500+ tokens) like AGT, EPT, BDXN, KOM, FHE, GRCK. Their OI/Market Cap ratios are nearing or exceeding 1.0.
→ This means the size of open leveraged positions is equal to or greater than their total spot market cap.
Current-