๐ขโ ๏ธATTENTIONโ ๏ธ
AMERICANS ARE MORE LEVERAGED THAN AT THE HEIGHT OF THE DOT-COM BUBBLE.
๐ฉธ When leverage exceeds 2000, the question isn't if something can go wrong. It's how fast the fallout happens when it does.
What does the chart show?
๐ปNet margin debt is the difference between what investors owe their brokers for loans to buy stocks and the cash they have available in their accounts.
๐ปIt's the real leverage, after accounting for liquidity.
๐ปWhen that number is positive and high, it means investors owe way more than they have in cash. They're fully exposed.
โถ๏ธBitcoin has broken its most important support, and we can expect the coming weeks to be red.
Every pullback is an opportunity to look for shorts; the support zone starts around ~$69k but could easily drop to around ~$60k.
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