3 Altcoins Facing Major Liquidation Risks in the Second Week of February

Despite recent market declines, buying pressure is returning, creating potential for outsized recoveries and increasing liquidation risks for several altcoins, potentially totaling over $3.1 billion. Ethereum (ETH) shows more short liquidations than long ones, but low exchange balances (around 16 million ETH) and 4 million ETH staked could amplify a rebound, risking $3 billion in short liquidations if ETH hits $2,370. Dogecoin (DOGE), below $0.10, could see $98 million in short liquidations if it reaches $0.109, supported by technical patterns like a Bull Flag and long-term strength signals. Zcash (ZEC), down 50% after its core developer team resigned, also has dominant short liquidations; however, positive sentiment is emerging from Ethereum founder Vitalik Buterin's donation to a Zcash development group and strong investor confidence reflected in the large amount locked in the Shielded pool. A broader market recovery above $2.8 trillion could trigger these asset-specific liquidations.

(Source：BeInCrypto)