Top Crypto Traders' 24-Hour Long Share Jumps to 75% From 7% on Hyperliquid, Lighter, dYdX and Pacifica as Bitcoin, Ethereum and Zcash Rise
As of 7:14 a.m. KST Nov. 4 (10:14 p.m. UTC on Nov. 3), the long share of the 24-hour top group on Hyperliquid, Lighter, dYdX, and Pacifica combined is approximately 75%, up from 7% in the previous evening's edition, with long notional rising to $950 million from $180 million.
'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 is refreshed hourly, and figures reflect the aggregation time stated in the article.
The top 100 traders by 24-hour performance on these exchanges collectively hold around $950 million in long positions and $312 million in short positions, representing a long share of approximately 75%. This figure is calculated by aggregating each exchange's top 100 traders by asset.
In the 15 hours since the last edition (aggregated at 3:39 p.m. KST on Nov. 3), long notional increased by $770 million, while short notional decreased by $2.25 billion. On Hyperliquid, Bitcoin (BTC) moved from $76,492 to $77,781, a 1.7% increase, and Ethereum (ETH) rose from $2,250 to $2,285, a 1.6% gain.
The 24-hour group is the only one with more long than short notional. Here's a breakdown:
- 7-day group: Long share decreased to 13% from 16.5% the previous day, with long notional falling by $71 million and short notional rising by $324 million. Unrealized gain dropped from $130 million to $70 million.
- 30-day group: Holds approximately $305 million long and $3.05 billion short, representing a 9.1% long share, up by 1.0 percentage point from the previous day, but still significantly short.
BTC in the 24-hour group shows a shift: 135 long and 52 short accounts compared to 58 and 172 previously. By notional, the group now holds around $242 million long and $129 million short, a 65% long share, compared to just 6% before.
ETH in this group has 104 long and 49 short accounts, with approximately $202 million long and $54 million short, a 79% long share. Its unrealized result shifted from a gain of about $19 million to a loss of about $6 million.
Zcash (ZEC) led the 7-day asset move, with a significant change in its long and short account distribution. Yesterday, it had 44 long and 67 short accounts (40% long share), but now has 32 long and 84 short accounts (28% long share). In the 7-day group, ZEC holds around $16.5 million long and $209 million short, with a price increase of 8.5% over 24 hours.
Hyperliquid (HYPE) in the 24-hour group experienced a sharp decline in short notional, from $379 million to $47 million, with 80 long and 35 short accounts. HYPE carries the largest unrealized loss among assets, with approximately $18 million in the 7-day group and $59 million in the 30-day group.