[Satoshi Index] Top Crypto Traders' 24-Hour Long Share Climbs to 84% From 75% on Hyperliquid, Lighter, dYdX and Pacifica as Bitcoin, Ethereum and Monero Rise

‘Satoshi Index’ is a daily series in which Satoshi Note™, a crypto portfolio tracker, analyzes the current positions of top traders using on-chain data. Data refreshes hourly; figures reflect the aggregation time stated in the article. [Editor's note]

As of 4:48 p.m. KST on Nov. 4 (7:48 a.m. UTC), the top 100 traders by 24-hour performance on Hyperliquid, Lighter, dYdX and Pacifica combined hold about $1.05 billion in long positions and $195 million in short positions, a long share of about 84%. The figure sums each exchange's top 100 by 24-hour performance separately, by asset.

In this morning's edition (aggregated at 7:14 a.m. KST) the same group held about $950 million long and $312 million short, a long share of about 75%. In the roughly nine and a half hours since, long notional rose by $100 million and short notional fell by $117 million. On Hyperliquid prices, comparing 8:42 a.m. with 5:42 p.m. today, Bitcoin (BTC) moved from $77,781 to $78,391, up 0.8%, and Ethereum (ETH) from $2,285 to $2,325, up 1.8%.

The top group by 7-day performance holds about $433 million long and $2.71 billion short, a long share of about 13.8%, up from 13.0% this morning as long notional rose by $15 million and short notional fell by $87 million. Its unrealized gain went from about $70 million to about $53 million.

The 30-day group holds about $320 million long and $3.07 billion short, a long share of about 9.4%, up 0.3 percentage point from 9.1% but still heavily short. The 24-hour group is the only one of the three with more long than short notional; the 7-day group is at 13.8% and the 30-day group at 9.4%.

BTC in the 24-hour group has 138 long and 50 short accounts, close to the 135 and 52 this morning. By notional, short positions fell from about $129 million to about $69 million, lifting the long share from 65% to 78%. In the 7-day group the 83 long and 157 short accounts are nearly unchanged, while short notional fell from about $910 million to about $869 million. The 30-day group has 86 long and 170 short accounts with about $904 million short.

ETH in the 24-hour group has 102 long and 59 short accounts, about $225 million long and $26 million short, a long share of 89%. This morning it held about $202 million long and $54 million short, a long share of 79%. ETH's unrealized result in this group went from a loss of about $6 million to a gain of about $1.7 million, and the 7-day group's gain fell from about $12 million to about $3 million.

By asset, the 7-day move in Monero (XMR) was the largest. This morning it had 40 long and 36 short accounts, a long share of 53% by headcount; in this edition it has 50 long and 26 short, or 66%, the largest change among the top-20 assets checked. In the 7-day group XMR holds about $9.4 million long and $23 million short, so short notional is still larger. It is at $642.51, up 3.5% over 24 hours.

In the 24-hour group Zcash (ZEC) has 79 long and 21 short accounts, about $138 million long and $3.8 million short, a long share of 97%. This morning it had 74 long and 25 short, and it is at $1,290.35, up 14.5% over 24 hours. Hyperliquid (HYPE) in the 24-hour group has 88 long and 30 short accounts, about $178 million long and $17 million short, with short notional down from $47 million this morning. HYPE carries the largest unrealized loss of any asset: about $17 million in the 7-day group and $65 million in the 30-day group.

A 24-hour group whose long share rose from 75% to 84% does not mean those accounts added to their positions. The groups are re-selected every hour on performance over each window, so when the accounts that make the ranking change, the direction split changes with them. Short-window rankings tend to lift the traders who were on the right side of that window's price moves. In this edition prices of BTC, ETH and ZEC are up over 24 hours, and the 24-hour group's unrealized result went from a loss of about $12.6 million to a gain of about $6.5 million.

The figures also sum only the top-100 positions on four exchanges, so a few large positions can sway the notional split, and holdings on other exchanges or in spot are not counted, leaving any hedging unknown. The 24-hour group's total notional in this edition is about $1.25 billion, close to the $1.26 billion this morning. Current positions describe the present, not where the market goes next.

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Disclaimer: This article is provided for informational purposes only, based on public on-chain data, and does not recommend buying or selling any digital asset or any trading direction. The current positions and past performance of top traders do not guarantee future returns. All investment decisions and their consequences rest with the investor.