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Top Binance traders increase Dogecoin long bets to 69%, hinting at a potential major rally.

Market News
24 May 2026, 19:25 WIB
Blockonomi
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Bullish
Top Binance traders increase Dogecoin long bets to 69%, hinting at a potential major rally.

Binance's highest-volume traders have raised their long exposure on Dogecoin to over 69%, pushing the long/short ratio above 2.2. This shift is driven by larger position sizes rather than more traders joining in, signaling strong bullish conviction. Historically, Dogecoin's current consolidation phase resembles quiet periods before its major rallies in 2017 and 2021. If Bitcoin-led capital rotation into meme coins occurs, it could trigger a significant Dogecoin price surge, though future moves depend on market conditions and demand.

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