[Satoshi Index] Top-performing traders’ long positions over the past 24 hours dropped from 64% last night to 16% this morning.

Satoshi Index, a daily series by SATOSHI NOTE™ analyzing on-chain positions of top-performing traders, reports a sharp reversal in positioning across four exchanges. As of 6:47 a.m. on November 2, long positions among the top 24-hour performers on Hyperliquid, Lighter, dYdX, and Pacifica totaled roughly $363 million against $1.969 billion in shorts, putting longs at about 16% of aggregate position value. That marks a dramatic flip from the prior evening's reading (compiled 3:51 p.m. on November 1), when longs stood at roughly $774 million versus $428 million in shorts—about 64% of the total. The data is compiled hourly, ranking the top 100 performers by 24-hour results on each exchange separately before aggregating by asset. The swing from long-heavy to heavily short positioning suggests top traders rotated decisively bearish within roughly 15 hours, a signal worth monitoring for directional sentiment in perpetuals markets.