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Best Crypto Scalping Strategy for the 5 Min Time FrameThe leverage ratio is significant as it reflects the average leverage level that all Bitcoin futures traders are using. A high leverage ratio. This indicator calculates what percentage of market cap data corresponds to open interest data. Leverage Ratio = 1/(Market Cap / * Open. Estimated Leverage Ratio (ELR) is defined as the ratio of open interest divided by the reserve of an exchange.