3 Altcoins That Could Face Major Liquidation Risks During Christmas Week

Several altcoins, including Ethereum (ETH), Midnight (NIGHT), and Audiera (BEAT), are flagged for major liquidation risks during Christmas week, as indicated by liquidation heatmaps showing clear imbalances and surging Open Interest.

For Ethereum, potential Long liquidations exceeding $4 billion could occur if the price drops to $2,660, driven by factors like Arthur Hayes moving ETH, a negative Coinbase Premium Index, and significant ETF outflows. Conversely, Short liquidations are lower if ETH rises to $3,370.

Midnight (NIGHT) shows Open Interest surging to over $90 million, with traders largely betting on price increases, making leveraged long positions vulnerable to profit-taking pressure, which could trigger $15 million in Long liquidations if the price drops to $0.077. Audiera (BEAT), which surged over 5,000%, also shows heavy Long exposure, with concerns about potential manipulation mirroring the Bitlight (LIGHT) collapse; a drop below $3 could trigger $10 million in Long liquidations.

(Source：BeInCrypto)