These Whales Are Howling Long: 68% of Top Binance Traders Are Bullish on SHIB

Shiba Inu is catching some serious attention, and no, it's not just because of the cute dog pics. The top 20% of traders on Binance have been keeping a notably bullish bias toward the meme coin as price shows signs of stabilization. According to Binance data, a whopping 68% of these so-called "smart money" traders are long on Shiba Inu ($SHIB), the second-largest meme coin by market cap. Despite all the naysayers and prior uncertainties, this level of conviction is bringing renewed eyeballs to $SHIB. Somewhere, a doge is probably wondering why humans keep financializing his entire species.

The Top Trader Long/Short Ratio by positions tells the story. On the 15-minute timeframe, the ratio sits at 2.12 - meaning for every $1 short position, there's a beefy $2.12 long position among the accounts holding the biggest balances on the largest crypto exchange by volume. When the top market players maintain this kind of bullish bias, it makes you wonder if they know something retail is missing. Or maybe they just really like dog JPEG art. Hard to tell these days.

So why the love for the dog-themed token? For starters, SHIB is trading around multi-year lows after grinding downward for months. From its May 2025 high of $0.00001765, the meme coin has retraced nearly 67% to its current price of $0.00000585. But here's the interesting part - historically, $SHIB has bottomed around these levels in 2021 and 2023. If history rhymes, the token could be entering an accumulation phase with a sustainable rebound to follow. Call it cope, call it pattern recognition, call it whatever helps you sleep at night - but the chart does look suspiciously familiar.

The risk-to-reward setup is also turning heads. $SHIB is already over 90% below its all-time high and trades near historical support. Many analysts don't see much further downside from here. That's a narrative these Binance whales might be betting on. At these levels, the only direction left to go is up - or at least that's what the hopium suppliers are selling.

There's also the Ethereum angle. $SHIB is the largest meme coin on the ETH network, and top Binance traders might be viewing it as a beta play when Ether starts to recover. With growing institutional traction for Ethereum, some analysts view ETH as massively undervalued. The thinking goes: when the altcoin king reprices to meet fundamentals, $SHIB could deliver outsized gains. It's like being the tallest person at a short convention - relative performance matters.

Of course, this remains a high-risk bet. But $SHIB is beginning to stabilize around $0.0000058, holding key support at $0.0000056. And with negative exchange netflows signaling accumulation over distribution, the token might be building momentum toward higher prices. Negative netflows: the one time having money leave an exchange is actually a good thing. Crypto is wild.

Time will tell if the whales are onto something.