‘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 6:06 a.m. KST on Nov. 8 (21:06 UTC on Nov. 7), the top 100 traders by 24-hour performance on Hyperliquid, Lighter, dYdX and Pacifica combined hold about $158 million in long positions and $2.37 billion in short positions in crypto perpetual futures, a short share of about 94%. The figure sums each exchange’s top 100 by 24-hour performance separately, by asset.

In last evening’s edition (aggregated at 4:19 p.m. KST) the same group held about $892 million long and $215 million…