The invention discloses a self-temperature-limiting electric tracing band with a positive temperature coefficient and a preparation method thereof, and relates to the technical field of tracing band preparation, the self-temperature-limiting electric tracing band comprises a wire, the wire is coated with a heat conduction material, and the heat conduction material is sequentially provided with a first insulating layer, a shielding layer and a second insulating layer; the heat conduction material is composed of, by mass, 5-15% of a conductive filler, 1-5% of a sensitizer and a heat tracing band base material. According to the invention, a single high polymer material is adopted as a heat tracing band base material, and the content of conductive filler is low, so that the heat tracing band has excellent bending resistance, high tensile strength and high PTC strength; in the preparation process, after the electric tracing band is extruded into a line, static high-temperature heat treatment and electric treatment are utilized to promote directional movement and agglomeration of the conductive filler, the distribution state of the filler is accurately regulated and controlled, a locally concentrated conductive network is constructed, and the electric tracing band has excellent processing fluidity, mechanical property and heating performance; the method can be widely applied to the fields of various tank bodies, pipeline heat preservation, electric blankets and the like.