Three performance-ranked Satoshi Note cohorts held 92.5% to 93.4% of recorded position value in shorts as Bitcoin and Ether fell on Hyperliquid over 24 hours, offering a limited view of selected traders’ exposure.
At 1:32 a.m. ET (06:32 UTC) Friday, the 24-hour cohort held about $2.93 billion in shorts against $209 million in longs, making shorts 93.4% of its notional. Satoshi Note’s Satoshi Index aggregates positions from separate top-100 account lists on Hyperliquid, Lighter, dYdX and Pacifica for each performance window.
The seven-day cohort held $2.84 billion short and $213 million long, or 93% short. The 30-day cohort had $3.04 billion short against $248 million long, for a 92.5% short share. On Hyperliquid, Bitcoin was down 6% and Ether 7.9% over 24 hours.
Compared with a snapshot about nine hours earlier, short positions in the 24-hour cohort rose by roughly $240 million while long notional changed little, reducing its long share from 7.4% to 6.6%. The seven-day cohort’s long share fell from 9.4% to 7%, while the 30-day cohort’s rose from 6.6% to 7.5%.
Hourly ranking updates can change which accounts qualify and affect the totals. The index excludes spot holdings and positions on other exchanges, so it does not show accounts’ full exposure or any hedges elsewhere. Satoshi Note reported unrealized gains of about $145 million, $135 million and $156 million for the 24-hour, seven-day and 30-day groups, respectively.
An earlier Satoshi Index snapshot put long positions at 27% of combined notional. The changing membership means these aggregate figures do not establish that the same traders switched sides.
