According to The Kobeissi Letter, margin debt soared by 9.4% in June, reaching a historic high of $1.01 trillion. This marks the largest monthly increase ever recorded, up by $87 billion, with a staggering $400 billion surge over the past two years. Such elevated leverage in traditional markets signals heightened risk appetite and potential for increased volatility, which may correlate with amplified swings in the cryptocurrency market as traders seek higher returns or face margin calls. Source: The Kobeissi Letter.