[Satoshi Index] Top Crypto Traders on Hyperliquid, Lighter, dYdX and Pacifica See 24-Hour Long Share Rise to 26% as Ether Long Share Doubles

‘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 3:13 p.m. KST on Nov. 10 (06:13 UTC), the top 100 traders by 24-hour performance on Hyperliquid, Lighter, dYdX and Pacifica combined hold about $519 million in long positions and $1.46 billion in short positions in crypto perpetual futures, a long share of about 26%. The figure sums each exchange's top 100 by 24-hour performance separately, by asset.

In this morning's aggregation (8:02 a.m. KST) the same group held about $479 million long and $1.76 billion short, a long share of 21.4%. In the roughly seven hours since, long notional rose by about $40 million and short notional fell by about $306 million, lifting the long share by 4.9 percentage points. On Hyperliquid prices, comparing 8:41 a.m. with 5:41 p.m. on Nov. 10, Bitcoin (BTC) moved from $75,201 to $74,519, down 0.9%, and Ethereum (ETH) from $2,132 to $2,111, down 1.0%.

The 7-day group holds about $323 million long and $2.55 billion short, a long share of 11.2%, up 0.9 points from 10.3% this morning but still about 89% short.

The 30-day group holds about $310 million long and $2.59 billion short, a long share of 10.7%, close to 10.8% this morning. Unrealized P&L stands at a gain of about $103 million for the 24-hour group, $198 million for the 7-day group and $204 million for the 30-day group, with the 24-hour figure smaller than this morning and the other two larger.

BTC in the 24-hour group has 93 long and 117 short accounts, similar to 96 long and 112 short this morning. By notional the group holds about $149 million long and $469 million short, a long share of about 24%, with both sides smaller than this morning's $206 million long and $651 million short. The 7-day group has 72 long and 165 short accounts, a long share by headcount of 30%, and the 30-day group has 69 long and 188 short.

ETH in the 24-hour group has 66 long and 96 short accounts, with fewer short accounts than this morning's 66 long and 109 short, and holds about $81.2 million long and $274 million short, a long share of about 23%, roughly double the 11% of this morning. The 7-day group has 49 long and 138 short accounts, a long share by headcount of 26%, and holds about $40.7 million long and $580 million short. The 30-day group has 54 long and 159 short accounts.

By asset, the 7-day move in Monero (XMR) was the largest among the assets that can be compared with this morning's table. This morning it had 31 long and 33 short accounts, a long share of 48% by headcount; in this edition it has 31 long and 40 short, or 44%. By notional the 7-day group holds about $2.5 million long against about $36.7 million short, a long share of 6.4%.

In the 24-hour group Zcash (ZEC) went from 53 long and 46 short accounts this morning to 44 long and 56 short, so the headcount majority is now on the short side. It holds about $16.3 million long against $174 million short, about 91% short by notional, and the price is down 5.8% over 24 hours. Among the top 20 assets by notional, two show more long than short notional in the 24-hour group: Lighter (LIT) and BNB. This morning there were three: NEAR, LIT and kPEPE.

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 24-hour price changes for BTC and ETH are within about 0.3%, and the 24-hour group's unrealized gain is smaller than this morning.

The figures also sum only the top-100 positions on four exchanges, so a few large positions can sway the notional split, as BTC's roughly $958 million of short notional in the 30-day group shows, and holdings on other exchanges or in spot are not counted, leaving any hedging unknown. 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.