3 Altcoins Facing Major Liquidation Risk in the Second Week of November

Core Insights - The altcoin market is showing signs of potential recovery, with specific altcoins outperforming others in early November, but they also face risks of significant liquidations for short-term traders [1] Group 1: XRP - Short-term trader sentiment for XRP is optimistic due to the upcoming launch of the Spot XRP ETF by Canary Capital on November 13, along with multiple XRP ETFs potentially receiving approval [2] - A significant concentration of potential long liquidations is indicated, as many traders expect an XRP price rally, but a decline in new XRP addresses suggests waning interest from new investors [3] - If XRP falls to $2.10, over $340 million in long positions could be liquidated, while a rise to $2.75 could lead to around $69 million in short liquidations [4] Group 2: Zcash (ZEC) - Zcash has shown a strong rally, reaching $750 before correcting to around $658, with traders expecting a climb toward $1,000 [5] - The liquidation map indicates that short-term traders are heavily invested in long positions, which could lead to significant losses if ZEC corrects [6] - If ZEC drops to $540, over $72 million in long positions could be liquidated, while a surge to $760 could wipe out approximately $44 million in short positions [6] Group 3: Starknet (STRK) - Starknet has experienced a surprising 30% daily surge, recovering from previous losses, with analysts suggesting it may be breaking out of a long-term resistance line, potentially initiating a new bull run [8]