3 Altcoins at Risk of Major Liquidations in the Second Week of October

Market Overview - The total crypto market capitalization has reached a new high in October, surpassing $4 trillion, with Bitcoin and top altcoins attracting most of the liquidity, leading to rising potential liquidation volumes for overleveraged short-term traders [1] Ethereum (ETH) - Institutional investors now hold a larger percentage of the ETH supply than BTC, indicating strong accumulation demand for ETH [2] - Analysts predict that growing ETF flows, ETH staking ETF approvals, and expanding global liquidity will be key catalysts for ETH's next price increase [2] - Short-term traders are increasingly confident in long positions, with total liquidation volume for long positions recently exceeding that of shorts [3] - Warning signs exist for long traders, as continued selling pressure could lead to mass liquidations of long positions [5] XRP - The SEC is set to review multiple XRP ETF applications from major financial institutions, with fund sizes ranging from $200 million to $1.5 trillion, which could attract significant institutional investment if approved [6] - Optimism around XRP has led traders to heavily bet on a bullish continuation, with long positions dominating the market [7] - If XRP falls to $2.65, approximately $560 million in long positions could be liquidated, while a rise to $3.3 could wipe out around $370 million in shorts [8] Market Sentiment Indicators - Approximately 97% of all ETH addresses are currently in profit, historically signaling a potential market top when this ratio exceeds 95% [9] - On-chain data indicates that some long-term ETH whales have begun selling, with significant amounts of ETH being deposited for sale on exchanges [9]