Crypto KOL Phyrex said on X that U.S. investors are using increasingly higher leverage to chase stock market highs. According to Odaily, net credit balances in U.S. brokerage accounts fell by about $70 billion in June to negative $1.061 trillion, a record low.
At the same time, margin debt rose by about $86 billion to $1.53 trillion, marking a third straight monthly increase and another record. Phyrex said the worsening net credit balance indicates smaller cash buffers and greater reliance on borrowing for stock positions. He added that leverage is spread across the brokerage system, with rising prices releasing more financing capacity and weak markets potentially forcing investors to add cash or sell shares.
U.S. Investor Brokerage Credit Balance Falls to Record Low as Margin Debt Hits Record
2026-07-28 05:53:46
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