Bitcoin Rally Fueled by Record Margin Debt, Signals Potential Unwind
Bitcoin Rally Fueled by Record Margin Debt, Signals Potential Unwind
A recent report highlights that Bitcoin's current price rally is heavily dependent on a record $1.279 trillion in U.S. market margin debt. The article warns of a potential sudden 'unwind' of this leverage, which could significantly impact Bitcoin's trajectory. This comes amidst rising U.S. market leverage, recessionary survey data, and Treasury buyback programs, painting a cautious outlook for the cryptocurrency's next phase.
Bitcoin’s rally is riding record $1.279 trillion margin debt, and the unwind could arrive without warning Bitcoin’s next phase is being shaped by a record build in U.S. market leverage, recession-leaning survey data and an expanding Treasury buyback program that is aimed at bond-market plumbing rather than monetary easing. Those inputs show up across FINRA’s […]