Bitfinex's leverage long positions have increased to around $5.58 billion, hitting a new high since February 2024.

BlockBeats News, April 8th, according to Coinglass data, Bitfinex's leveraged long positions have increased to 70,671.85 BTC, equivalent to $5.58 billion, hitting a new high since February 2024.

Bitfinex's leveraged long positions refer to the total amount of leveraged USD and USD-pegged stablecoins borrowed on the exchange. Bitfinex's spot leverage is dominated by BTC, and the higher this indicator, the larger the position size of whale leveraged borrowing to buy the dip.