Binance Traders Increase Long Positions on Dogecoin
- On April 20, the long/short ratio for top trader accounts on Binance reached 3.63, with 78.4% of accounts positioned long and 21.6% short.
- The positions-based ratio was at 2.52, indicating that large traders had allocated more capital to long positions, with a split of 71.61% long and 28.39% short.
- Both the accounts-based and positions-based ratios have trended upward over recent sessions, suggesting a consistent increase in bullish exposure.
These metrics indicate that Binance’s top traders are increasingly betting on a rise in Dogecoin, despite the current muted price action.
As of the latest data, DOGE traded at $0.09489, reflecting ongoing support levels amidst increased trader interest in long positions.
