⚠️ Altcoins are overloaded with leverage right now.

• BTC market cap dominance: 58%

• BTC open interest dominance: 38%

Leverage in alts is nearly 50% higher than BTC, even though their market cap is 40% smaller.

We saw the same setup in Dec 2024 and alts crashed hard.

That’s why I’m cautious… perp-driven rallies usually don’t last.