thecryptobasic.com
Shiba Inu is in focus, as the top 20% of traders on Binance have maintained a bullish bias toward the meme coin amid signs of stabilization in its price.
According to Binance data, a staggering 68% of these “smart money” traders are long on Shiba Inu ($SHIB), the second-largest meme coin by market cap. This level of conviction, despite prior uncertainties, is bringing renewed attention to $SHIB.
Key Points
- According to Binance data, a staggering 68% of the top 20% of traders on the platform are long on Shiba Inu ($SHIB).
- Data from the Top Trader Long/Short Ratio by positions shows a ratio of 2.12, meaning that for every $1 short position, there is a $2.12 long position among the accounts.
- These Binance whales are looking beyond the current shaky price and focusing on the impressive risk-to-reward ratio for $SHIB.
- $SHIB is the largest meme coin on Ethereum, and the top 20% traders on Binance might be seeing it as a beta play when Ether starts to recover.
Top 20% Binance Traders Long on Shiba Inu
Data from the Top Trader Long/Short Ratio by positions on Binance highlights this disposition. On the 15-minute timeframe, it shows a ratio of 2.12, representing approximately 68% longs and 32% shorts on $SHIB, among the largest traders on Binance.
The metric suggests that for every $1 short position, there is a comparably larger $2.12 long position among the accounts holding the biggest balances on the largest crypto exchange by trading volume.
When these top market users maintain such a high level of bullish bias towards an asset, it raises eyebrows. Do they know something that retail traders don’t? Subsequent price developments would provide answers to these questions.
Why They Could Be Long on Shiba Inu
Notably, Shiba Inu trades around multi-year lows after steadily grinding downwards for several months. From its high of $0.00001765 in May 2025, the meme coin has retraced nearly 67% to its current price of $0.00000585.
Historically, $SHIB has bottomed around these areas, as seen in 2021 and 2023. If history repeats, the token could soon enter an accumulation phase, with a sustainable rebound to follow.
The current lows make $SHIB an intriguing opportunity. As it is already over 90% below its all-time high and trades near historical support, many analysts don’t see the token falling much lower from here.
This narrative might be what these “smart money” Binance whales understand. As such, while prices look shaky in the near term, they are looking beyond that and focusing on the impressive risk-to-reward ratio for $SHIB if history repeats.
The Ethereum Beta Play?
Another reason for these heavy longs on Shiba Inu is its position in the Ethereum ecosystem. $SHIB is the largest meme coin on the network, and the top 20% traders on Binance might be seeing it as a beta play when Ether starts to recover.
Analysts view ETH as massively undervalued at its current price, owing to growing institutional traction for Ethereum. As a result, the sentiment could be that when the altcoin king reprices to meet the fundamentals around its ecosystem, $SHIB could deliver an outsized gain. However, this remains a high-risk bet.
Meanwhile, Shiba Inu is beginning to stabilize around $0.0000058, holding the key support at $0.0000056. With negative exchange netflows signaling accumulation over distribution, $SHIB might be building momentum toward higher prices.