3 Altcoins Facing Major Liquidation Risks in the Last Week of October
Solana (SOL), Zcash (ZEC), and Virtual Protocol (VIRTUAL) face significant liquidation risks due to heavily leveraged positions amid fluctuating market narratives.Summary
As the final week of October begins, the market is focused on AI Agents and Privacy narratives, placing several altcoins under major liquidation risk. Solana (SOL) has heavily leveraged long positions expecting a rise, partly due to its role in the x402 ecosystem; however, rising exchange reserves suggest selling pressure, with $1.6 billion in long liquidations possible if SOL drops to $178.
Zcash (ZEC), boosted by Arthur Hayes' $10,000 prediction and renewed privacy coin interest, has seen a massive rally and high open interest, making it vulnerable. With many holders profitable near 2021 highs, a drop to $287 could liquidate over $42 million in long positions.
Virtual Protocol (VIRTUAL), benefiting from AI Agent hype and its role as an x402 launchpad, saw its daily active addresses double. Despite this bullish sentiment, a price correction to $1.29 could trigger $8.8 million in long liquidations. The article concludes by questioning the sustainability of the AI Agent and Privacy narratives, warning that hype cycles can fade quickly.
(Source：BeInCrypto)