[Satoshi Index] Top traders' short concentration continues, 24-hour group short ratio rises to 95%

Top traders across Hyperliquid, Lighter, dYdX, and Pacifica held roughly $2.391 billion in short positions versus $129 million in longs over the trailing 24 hours as of 4:06 p.m. on November 8, putting short exposure at about 95% of the combined group's positions. The skew intensified from about 94% roughly ten hours earlier, when shorts totaled $2.365 billion against $158 million in longs, a period in which long exposure fell by about $29 million. The data, compiled by Satoshi Note from on-chain positions of each venue's top 100 performers by 24-hour results, signals that consistently profitable traders remain overwhelmingly positioned for further downside. Watch whether the group begins trimming shorts or rebuilding longs, which would indicate a shift in conviction.