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

Core Insights - The total altcoin market cap has fallen below $1 trillion, indicating a bearish sentiment in the market that may lead to volatility and large-scale liquidations in various assets [1][2] Group 1: Ethereum (ETH) - Ethereum's liquidation map reveals a significant imbalance, with a higher potential for liquidation on Short positions compared to Long positions [3] - If ETH rises above $3,500, over $3 billion in Short positions could be liquidated, while a drop below $2,700 would only result in approximately $1.2 billion in Long liquidations [5] - ETH is currently at a major support zone around $3,100, which could trigger a strong recovery, especially as the sentiment indicator shows extreme fear, historically leading to sharp rebounds [6] Group 2: Solana (SOL) - Solana's liquidation map also indicates a strong imbalance, with Short liquidations dominating, particularly after SOL's drop below $150 [8] - Despite the bearish sentiment among short-term traders, SOL ETFs have seen a net inflow of over $12 million on November 14 and more than $46 million over the past week, suggesting strong ETF demand [9] - If SOL climbs to $156, Short liquidations could reach nearly $800 million, indicating potential for a rebound [10]