3 Altcoins at Risk of Major Liquidations in the Third Week of August
The post 3 Altcoins at Risk of Major Liquidations in the Third Week of August appeared on BitcoinEthereumNews.com.
The altcoin market entered the third week of August in the red. Market capitalization (TOTAL3) dropped 7%, from over $1.1 trillion to $1.03 trillion. This correction has fueled a short-selling sentiment among derivatives traders. How much liquidation risk does this pose? The liquidation heatmap highlights several altcoins facing high exposure. 1. Solana (SOL) Solana’s 7-day liquidation map shows that short liquidation volume (green on the right) dominates long positions starting in the third week of August. However, short positions could face risks as Solana benefits from several bullish developments. Specifically, Solana is reviewing a new governance proposal, SIMD-0326, which introduces the Alpenglow Consensus protocol to speed up block finalization. In addition, Solana announced a new record. The network processed over 104,000 transactions per second. Solana Exchange Liquidation Map. Source: Coinglass If SOL’s price recovers above $200 this week, more than $1.1 billion in short positions could be liquidated. On the other hand, if SOL drops to $161, about $646 million in long positions face liquidation. Analysts warn of a more concerning scenario. They predict SOL could fall below $170 before bouncing back above $200 within the same week. This means both long and short traders could face liquidation risks. 2. Dogecoin (DOGE) Dogecoin (DOGE) is in the spotlight in August as whales and investors accumulate heavily. In addition, Grayscale has filed with the US SEC to convert its $2.5 million Dogecoin Trust into a spot ETF. Meanwhile, crypto bettors on Polymarket now assign over a 70% chance that US regulators will approve a DOGE ETF by the end of the year. Despite this bullish news, DOGE’s liquidation map shows that short positions dominate accumulated liquidation volume. Traders seem to expect a correction. DOGE has already gained over 30% this month, climbing from $0.188 to $0.255. DOGE Exchange Liquidation Map. Source:…
Filed under: News - @ August 18, 2025 11:25 pm