🚨 US MARGIN DEBT HAS NEVER BEEN HIGHER FINRA debit balances hit $1.42 trillion in May 2026 — an all-time high, surpassing the 2021 peak by 50%+. As a share of GDP, margin debt has also never been higher. The last two times it grew at this pace, it peaked just before the dot-com crash and the 2022 bear market. To be clear: margin debt doesn't cause crashes. But when sentiment turns, there is no floor for forced selling.(BitMEX)