U.S. Margin Debt Hits Record $1.02 Trillion in July: Market Implications Loom

The U.S. margin debt reached an all-time high of $1.02 trillion in July 2025, according to data from the Financial Industry Regulatory Authority (FINRA). This surge signifies increased financial leverage across both traditional equity and cryptocurrency markets, signaling potential volatility and risk for investors. The rise, which marks a record increase of $14.6 billion compared to June’s $87 billion jump, also reflects surging market speculation, particularly in Bitcoin and Ethereum.