Satoshi Note-reported figures showed short positions made up 86% of the 24-hour trader group’s position value at the latest cited reading, highlighting how exposure can diverge from account counts.
The cited update was timestamped 6:10 p.m. ET Oct. 23 (22:10 UTC; 7:10 a.m. KST Oct. 24). It listed $1.90 billion in shorts, compared with $3.02 billion at 3:13 a.m. ET Oct. 23 (07:13 UTC), while reported long value rose to about $299 million from $245 million. On those reported figures, short value declined by $1.12 billion, or about 37%, and its share fell from 92.5% to 86%.
In the same reported reading, Bitcoin (BTC) had 105 long accounts and 104 short accounts. Position values were about $61 million long and $613 million short, putting the short share at 91% despite the near-even account count.
The longer performance windows also showed a short majority by position value. Satoshi Note-reported figures put the seven-day group at about $389 million long and $2.98 billion short, an 88% short share. For the 30-day group, the reported totals were about $325 million long and $3.41 billion short, or 91% short.
The account count and dollar value describe different aspects of the reported positions: nearly equal numbers of Bitcoin accounts did not correspond to equal exposure. The short position value in that tally was about 10 times the long value.
Satoshi Note says its index draws on public records and compiles rankings from Hyperliquid, Lighter, dYdX and Pacifica. It lists 24-hour, seven-day and 30-day performance windows and refreshes hourly.
Hourly updates can change which accounts qualify for the rankings, so the aggregate totals alone cannot show whether particular traders exited or reversed positions.
EconoTimes previously covered a Satoshi Note tally that put its three groups between 89% and 92.5% short by position value.
