[Satoshi Index] The 24-hour top trader short positions, which stood at $1.97 billion this morning, have decreased to $1.51 billion… Long positions account for 20%.

Top traders' aggregate positions across Hyperliquid, Lighter, dYdX, and Pacifica shifted toward less bearish positioning on November 2, with short exposure falling from $1.969 billion at the 9 a.m. reading (6:47 a.m. tally) to $1.514 billion by 2:48 p.m., while long exposure held roughly steady at $368 million versus $363 million earlier in the day. The long share of top traders' combined 24-hour performance-ranked positions rose from about 16% to about 20%, according to Satoshi Index, a daily Satoshi Note series that analyzes on-chain data on leading traders' positions, refreshed hourly across the four exchanges. The figures aggregate the top 100 performers by 24-hour results on each exchange, summed by asset. The narrowing short bias among high-performing traders suggests reduced conviction in near-term downside among the most profitable accounts. Watch whether the long share continues to climb or shorts rebuild in subsequent hourly updates.