American margin debt just posted another significant jump last month. The figures are raising eyebrows across financial markets: a $30 billion spike in November alone, pushing the total to an unprecedented $1.21 trillion.

What's particularly notable? This marks the seventh straight monthly increase. That's not a blip—it's a sustained trend.

Look at the bigger picture: over this stretch, margin debt has climbed by $364 billion. That's a 43% surge in total. For anyone tracking market sentiment and leverage levels, these numbers tell a story about how aggressively investors are borrowing to boost their positions.

When margin debt reaches record highs and keeps climbing month after month, it signals elevated risk appetite. Historically, these peaks often precede market corrections. For crypto traders and institutions watching macro trends, the relationship between traditional market leverage and digital asset volatility remains worth monitoring closely.