[DigitalToday reporter Jinju Hong (홍진주)] Positions held by large traders in meme coin Shiba Inu (SHIB) are skewed to one side. The share of SHIB long positions among the top 20 percent of accounts on Binance, the world’s largest cryptocurrency exchange, is about 68 percent.

TheCryptoBasic, a blockchain media outlet, reported on April 7 (local time) that buying pressure in SHIB was confirmed based on Binance’s “Top Trader Long/Short Ratio.” Over a 15-minute interval, SHIB’s long/short ratio was 2.12. About 68 percent of top traders were long and 32 percent were short. That means there are about $2.12 in long positions for every $1 in short positions.

The figure is in focus because when large accounts on the biggest exchange by trading volume tilt in one direction, attention across the market can intensify.

The trend also aligns with SHIB’s price range. SHIB has extended a decline over recent months and is trading near multi-year lows. The outlet said SHIB has fallen about 67 percent, from a peak of $0.00001765 in May 2025 to about $0.00000585 now.

It also noted that there have been cases in the past where a bottom formed at similar price levels. That scenario is possible under the premise of “If history repeats.” It projected SHIB could move into an accumulation phase and then rebound, while also stressing that uncertainty remains high.

SHIB is seen as a leading meme coin in the Ethereum (ETH) ecosystem. That has raised the possibility that some large traders could use SHIB as a kind of “beta play” during a recovery phase in Ethereum. The strategy is also seen as a high-risk bet.

In the short term, whether key price levels hold has been singled out as a central variable. SHIB is showing stability around $0.0000058, and $0.0000056 is cited as a key support level. If exchange net outflows (netflow) expand, it could be interpreted as a signal of accumulation rather than distribution, drawing attention to whether upward momentum can form.