[Satoshi Index] Top Crypto Traders' 7-Day Long Share Nearly Doubles to 27% on Hyperliquid, Lighter, dYdX and Pacifica as Ethereum and Bitcoin Rise

A Satoshi Index reading cited by TokenPost showed the seven-day long share among top crypto traders nearly doubling to 27% across Hyperliquid, Lighter, dYdX and Pacifica. The increase coincided with gains in Ethereum and Bitcoin, the two largest cryptocurrencies by market capitalization.

The measure points to a stronger long bias among the tracked group of traders over the past week. In derivatives markets, a long position generally reflects an expectation that an asset’s price will rise, while a short position generally reflects an expectation of a decline. The reported 27% figure applies to top traders on the four named trading venues.

Hyperliquid, Lighter, dYdX and Pacifica are platforms associated with crypto trading, including perpetual futures and other derivatives products. Positioning data from such venues can offer a snapshot of trader sentiment, though it does not establish how prices will move.

Bitcoin and Ethereum often influence broader digital-asset market activity because of their size and liquidity. The reported increase in the long share suggests that the tracked traders became more constructive during the period in which both assets rose, according to the TokenPost report.