[Satoshi Index] Top traders’ short positions reached $2.56 billion in the past 24 hours, up $1 billion from the previous day; long positions accounted for 7%.

As of November 3 at 3:39 PM, on-chain data from Satoshi Index shows top-performing traders across Hyperliquid, Lighter, dYdX, and Pacifica holding roughly $2.56 billion in short positions versus only about $180 million in long positions over the past 24 hours, with longs making up just 7% of total exposure. That marks a sharp shift from the prior evening's reading (compiled November 2 at 2:48 PM), when the same group held about $368 million in longs and $1.51 billion in shorts, meaning shorts grew by over $1 billion in a single day while longs were cut by more than half. The figures aggregate the top 100 performers by 24-hour PnL on each exchange, summed by asset. The heavy short skew among consistently profitable traders signals strong bearish conviction on near-term price direction. Watch whether the short position continues to build or if longs begin re-entering, as a reversal in this ratio could indicate a shift in smart-money sentiment.