3 Altcoins Facing Major Liquidation Risk in the Final Week of November
Summary
Billion-dollar liquidation events are becoming common, and several altcoins face similar risks in the final week of November. XRP has notable liquidation levels: $300 million in shorts could liquidate if it hits $2.32, and $237 million in longs if it drops to $1.82, influenced by the launch of Grayscale's XRP ETF versus recent whale selling.
Dogecoin (DOGE) also faces liquidation risks around its Grayscale ETF launch on November 24. If DOGE rises above $0.16, $159 million in shorts could be liquidated, but sustained whale selling could trigger long liquidations exceeding $100 million if the price falls below $0.13.
Tensor (TNSR), which recently surged over 340% before correcting, shows high concentration risk with top wallets holding 68% of the supply, leading to accusations of an "insider pump." Liquidations for TNSR are projected around $6 million for shorts if it hits $0.19, and over $5 million for longs if it drops to $0.11.
(Source:BeInCrypto)