3 Altcoins Facing Major Liquidation Risk in the Second Week of November
XRP, Zcash (ZEC), and Starknet (STRK) face significant liquidation risks for leveraged traders in early November due to market positioning.Summary
Despite the altcoin season not fully returning, certain altcoins like XRP, Zcash (ZEC), and Starknet (STRK) are showing strength but also carry major liquidation risks for short-term traders in the second week of November.
XRP benefits from anticipation surrounding potential Spot XRP ETFs, yet analysis shows weakening new investor interest, putting over $340 million in long positions at risk if the price drops to $2.10.
ZEC has seen a strong rally, leading traders to bet heavily on long positions, but analysts warn it might be nearing the final stage of a parabolic uptrend; a drop to $540 could liquidate over $72 million in longs. Finally, STRK experienced a 30% surge, but a massive token unlock of over 127 million tokens this week could add selling pressure, risking $14 million in long liquidations if the price falls to $0.128.
(Source：BeInCrypto)