The use of leveraged exchange-traded funds (ETFs) in the U.S. market has reached unprecedented levels, with trading volume hitting a record $84 billion last week. This surge in leveraged long bets now exceeds bearish bets by a record ratio of 10 to 1, doubling the previous high of 6 to 1 seen at the end of 2021. This extreme imbalance in market sentiment, coupled with the rapid increase in leveraged ETF usage, is raising concerns among market observers about potential market volatility and a possible reversion in asset values.