Binance’s top traders are leaning more aggressively toward the long side in Dogecoin, even as broader price action remains muted. Data shared by CryptoQuant verified author CW on a 4-hour basis, along with an additional 24-hour Coinglass snapshot reviewed for NewsBTC, points to the same underlying trend: large traders on Binance are building bullish exposure to DOGE.
CW framed the move in simple terms: “Amidst the current sluggish trend, Binance top traders are increasing their long positions on DOGE. They are quietly increasing their bets on a rise in DOGE.” The charts back that up. On the 24-hour view, the long/short ratio for top trader accounts reached 3.63 as of April 20 at 02:00, with 78.4% of accounts positioned long versus 21.6% short. The positions-based ratio, which tracks the size of those bets rather than just the number of traders, climbed to 2.52, with 71.61% of positions long and 28.39% short. $DOGE
