Satoshi Note’s Satoshi Index put Bitcoin (BTC) shorts above 99% of selected traders’ recorded position value, a sharp imbalance in a four-exchange snapshot that does not represent the wider crypto market.
The index’s Nov. 13 snapshot recorded about $848 million in short positions against $4.14 million in longs, with 220 traders short and 46 long.
Across all assets, the 24-hour group held about $1.984 billion in shorts and $123 million in longs, leaving longs at 5.8% of combined value. A prior reading put longs at $172 million and shorts at $1.999 billion, with longs at 7.9%. Long exposure fell about $49 million between the readings while short value changed little.
The all-asset seven-day cohort had $2.191 billion in shorts against $179 million in longs, making 92.5% of its recorded value short. In the 30-day group, short positions totaled $2.305 billion compared with $178 million in longs, for a 92.8% short share.
Satoshi Note builds separate rankings for each venue and time window, using the 100 traders with the strongest performance in each period. It refreshes the lists hourly, so later snapshots can reflect a different mix of accounts. Earlier EconoTimes coverage of the index’s rankings also described this changing-cohort limitation. The tally covers positions on Hyperliquid, Lighter, dYdX and Pacifica, but leaves out spot holdings and activity on other exchanges; it does not show whether traders offset the listed exposure elsewhere.
Estimated unrealized profits rose from the prior readings to $299 million for the 24-hour cohort, $333 million for the seven-day window and $347 million for the 30-day window. Those estimates concern open positions, not profits from trades shown as closed.
CoinGecko’s 6:20 a.m. ET (11:20 UTC) reading on Nov. 13 put BTC at $69,352.
