Derivatives/Mcap
Ratio of derivatives volume to market cap, helps detect leverage pressure.
Compare the volume of derivatives (options, futures, perpetuals) with the project’s capitalization.
A high ratio means high speculation relative to the size of the project. This may indicate an increased risk of volatility, as derivatives traders often amplify movements. Useful for detecting cryptocurrencies that generate a lot of “speculative noise” relative to their actual weight.
The presence of derivatives shows strong interest from active traders. Pros use them to hedge and manage risk. It is a sign of market liquidity and maturity.
Source: coingecko.com
This metric is part of the Liquidity category