3 Altcoins at Risk of Major Liquidation in the Fourth Week of October
Solana (SOL), Bittensor (TAO), and ChainOpera AI (COAI) face significant liquidation risks for both long and short positions in late October.Summary
Despite a general cooling of leveraged exposure in the crypto market during October, three specific altcoins—Solana (SOL), Bittensor (TAO), and ChainOpera AI (COAI)—present risks of major liquidations in the fourth week of the month.
Solana (SOL) shows bearish sentiment with large amounts transferred to exchanges, facing over $1 billion in short liquidations if it recovers above $214, or $800 million in long liquidations if it drops below $165. However, positive factors like upcoming ecosystem events and technical indicators suggest potential upside.
Bittensor (TAO) has shown strong fundamentals, attracting institutional confidence via Grayscale investments. Technical analysis suggests potential bullish growth, but if it rallies to $500, short sellers face over $20 million in losses; conversely, a drop to $381 risks $18 million in long liquidations.
ChainOpera AI (COAI), after a massive surge and subsequent 90% drop, has high short interest. A rebound above $7 could liquidate $11.5 million in shorts, while a drop to $3.73 risks $2.7 million in long liquidations, suggesting caution for short traders due to potential short squeezes.
(Source：BeInCrypto)