⚠️ Leverage in the US stock market is at an all-time high, while the crypto derivatives market is still far from overheating.
US stock margin debt hits a historic high: $1.28 trillion.
Crypto Open Interest is currently around $96 billion
• Yearly low 2025: $85 billion
• All-time high: $236 billion
This picture shows that leveraged capital is flowing strongly into stocks, while crypto remains in a “reset” state — with potential for recovery and growth if market sentiment improves.
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