Bitcoin short: Relabelling of Waves and Fibo Extension Level

Firstly, apologies that the margin statistics is not shown nearing the end of the video.

Here's the last few months of data that I am talking about:
Year-Month Debit Balances in Customers' Securities Margin Accounts Free Credit Balances in Customers' Cash Accounts Free Credit Balances in Customers' Securities Margin Accounts Ratio (B/D)

2025-06 1,007,961 200,573 185,584 5.431292568
2025-07 1,022,548 194,712 186,672 5.477779206
2025-08 1,059,723 188,221 181,563 5.836668264
2025-09 1,126,494 204,106 194,884 5.780330863

The last column in the table above is the leverage ratio based on using column B divide by column D. Column B being the value of securities in a customer's margin account and column D being the amount of cash supporting the securities. So we are at historical high in terms of both leverage and nominal amount.

You can get this statistics from finra.org/rules-guidance/key-topics/margin-accounts/margin-statistics.

Take note that Sep is the last data point due to government shut down.