3 Altcoins Facing Major Liquidations in the First Week of November

The crypto market started November with derivatives traders leaning heavily toward short positions, increasing the risk of significant short liquidations. Ethereum (ETH) faces over $4.2 billion in potential short liquidations if it reclaims $4,000, despite strong fundamentals like record application revenue. Aster (ASTER) could see $44 million in shorts liquidated if it hits $1.4, potentially triggered by further social media influence following CZ's recent purchase announcement. Dash (DASH), benefiting from the privacy coin narrative and reaching a three-year high, has significant short exposure, with over $13 million at risk if it climbs to $105. The article suggests that these rallies, based on recycled narratives, might lack sustainability, meaning both long and short traders face increasing volatility and risk.

(Source：BeInCrypto)