BlockBeats News, July 20th, Tom Lee said in an interview with CNBC over the weekend that U.S. margin debt has increased by 54% year-on-year, the sixth-largest increase in the past 60 years. "A group of traders borrowing money to buy stocks has surged in, and history shows that the market will react: the Korean stock market is a template, with 1.2 million brokerage accounts facing margin calls, possibly accounting for 10% of all adult investor accounts."

Tom Lee stated that in the history of the U.S. stock market, after the balance of margin financing surged in the past, the market often experienced a 6-month consolidation period.