Bitcoin price rally is riding record $1.2 trillion margin debt, and the unwind could be here already

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 margin statistics, an Associated Press report on consumer c…