A majority of top Binance traders are placing long bets on Shiba Inu (SHIB), with exchange data showing up to 71% expect the meme coin to rally.

Binance Whale Positioning

Exchange data reveal that 63% of Binance's top traders by margin balance are long on SHIB, producing a long/short ratio of 1.69.

Among top traders ranked by position size, the bullish lean is even sharper — nearly 71% hold long positions, pushing the ratio to 2.39.

Both metrics climbed after the U.S. and Iran announced a two-week ceasefire, which lifted sentiment across crypto markets.

Across all Binance accounts, about 60% are long SHIB, with a long/short ratio of 1.5.

Still, derivatives activity tells a different story. CoinGlass data show SHIB trading volume dropped more than 22% to $138M, while open interest fell over 4% to $54M. Many traders appear to be sitting out the move despite the broader recovery.

Also Read: Iran Loses 7 EH/s In One Quarter As Bitcoin Mining Power Shifts Elsewhere

Crypto Lens, Vuori See Expansion Ahead

Crypto analyst Crypto Lens said SHIB is holding a five-year demand zone and has a track record of long accumulation phases followed by rallies exceeding 1,000%. He said the structure looks ready for another expansion after roughly 550 days of tight consolidation.

At the time of writing, SHIB traded near $0.000005881, down over 4% in 24 hours. The token has shed roughly 35% on a yearly basis and remains more than 93% below its all-time high of $0.00008616, reached in late 2021. Repeated rallies in 2024 and early 2025 each failed to sustain momentum, leaving SHIB locked in a prolonged range that analysts now frame as accumulation rather than decline.

Read Next: 4.37M BTC Now Sit In Accumulation Wallets — Here's Why That Matters