3 Altcoins Facing Major Liquidation Risk in the Third Week of November

As the total altcoin market cap fell below $1 trillion midway through November, volatility and large-scale liquidations are anticipated for several assets. Ethereum (ETH) shows a major imbalance favoring Short liquidations; a rise above $3,500 could trigger over $3 billion in Short liquidations, despite negative ETF outflows and Arthur Hayes selling ETH. Conversely, ETH is near a major support zone around $3,100, and extreme fear sentiment historically precedes rebounds. Solana (SOL) also has dominant Short liquidations, with many expecting a drop to $100, yet U.S. SOL ETFs saw strong net inflows last week, suggesting underlying demand. A rise to $156 could liquidate nearly $800 million in Shorts. In contrast, Zcash (ZEC) has more Long liquidation risk if it corrects below $600 (exceeding $123 million), despite optimism from increased Shielded Pool activity and high open interest, which signals elevated leveraged exposure.

(Source：BeInCrypto)