*Three cryptocurrencies at risk of major liquidation! 🚨*
In the last week of July, total open interest in the crypto derivatives market remains historically high, exceeding $200 billion. Any significant price movement now could lead to massive losses for both long and short positions. Here are three cryptocurrencies at risk of major liquidation:
1️⃣ *Ethereum (ETH)*:
- Ethereum is surrounded by positive news regarding institutional accumulation in recent months.
- If ETH surpasses $4,000, the total accumulated short liquidations could reach $1.2 billion.
- If ETH faces strong profit-taking and drops to $3,500, long position liquidations could rise to $7.8 billion.
2️⃣ *Solana (SOL)*:
- Although Solana still needs to rise over 50% to return to its peak at the beginning of the year, open interest has surpassed $11 billion.
- Moving above $200 could trigger more than $600 million in liquidations.
- A drop to $181 could trigger more than $700 million in long position liquidations.
3️⃣ *BNB*:
- BNB reached its all-time high at $859 and could soon reach $1,000.
- If BNB exceeds $875, short positions worth $18.5 million could be liquidated.
- If BNB falls below the psychological level of $800, over $36 million in long positions will be wiped out.
These three cryptocurrencies are at risk of major liquidation due to significant price volatility and high open interest in the crypto derivatives market. 🚨💸
