3 Altcoins That Could Trigger a Liquidation Record in the First Week of December

Market sentiment shifted to extreme fear on December 1, with short positions dominating the derivatives market, potentially leading to record liquidations in the first week of December. Three major altcoins—Ethereum (ETH), Solana (SOL), and XRP—show significant imbalances where short liquidations outweigh long liquidations. If ETH rebounds to $3,150, short liquidations could exceed $4 billion, supported by ETH exchange reserves hitting an all-time low, suggesting accumulation. For SOL, a rebound to $145 could trigger over $1 billion in short liquidations, while on-chain data shows continued high transaction counts and consistent ETF inflows. XRP could see over $500 million in short liquidations if it hits $2.30, bolstered by positive regulatory news from Abu Dhabi and Singapore, alongside strong ETF demand. Furthermore, the total stablecoin market cap recently hit a new high of $267.5 billion, signaling fresh liquidity entering the crypto market, which could amplify any unexpected price recovery and set a new liquidation record.

(Source：BeInCrypto)