According to CoinMeta, JPMorgan CEO Jamie Dimon warned that the leverage levels in financial markets remain high, and investors should be aware that hidden borrowing could exacerbate market volatility. He stated that "margin debt has reached record highs" and pointed out that much of this borrowing is not labeled as margin debt but rather as other forms of leverage. Dimon mentioned borrowing activities through major brokers, hedge funds, exchange-traded funds, and treasury arbitrage strategies. He emphasized that market leverage is quite high, and high leverage increases the risk that a single investor or fund could trigger broader fluctuations. Dimon also noted that structural capital demands could reignite inflationary pressures, with government deficits, infrastructure investment, and global rearmament likely to drive up long-term interest rates.