Looks like leverage is starting to pick up, nowhere near meme stock 2021 levels but still pretty high, wonder how long this can go on before a mass deleveraging

https://m.primal.net/HcwS.png 

https://markets.businessinsider.com/news/stocks/stock-market-positive-outlook-meme-stock-mania-red-flag-bubble-2024-2 

 When you look at margin debt in relation to currency in circulation, current leverage is at cyclical lows.

https://en.macromicro.me/charts/89294/sp500-finra
 

 Isn't that chart only based on S&P?