With the continuous expansion of urban construction land, the green belts aiming for ecological protection have ensured a sustainable and effective function of regional ecosystem services. At the same time, these ecological green belts are expected to develop their compound service potentials with the development of cities. In order to meet the increasing demand of urban residents for the recreational utilization of urban green space, the primary function of the ecological green belts has transformed from being purely ecological to a combination of being ecological and recreational. Based on social media data, which has the characteristics of a large amount of accessible geographic information, this study used multiple regression models to analyze the recreational utilization intensity of ecological protection green belts with a case study in the green belt of Shanghai, China. The research results showed that the internal elements (total external area, water area, etc.) of the Shanghai green belt have positive correlations with its recreational utilization. The impact of external factors was inconclusive on the recreational utilization of the outer forest belt (the number of subway stations in accessibility factors was negatively correlated; the number of cultural facilities and the number of restaurants in the surrounding service facilities were positively related). Combined with the “Shanghai City Master Plan (2017–2035)”, this study suggests potential zones for the recreational transformation of the Shanghai green belt, provides a theoretical and practical basis for improving the recreational utilization of an urban ecological protection green belt and contributes to the sustainable development of ecological protection green belts in high-density cities.