Major Liquidations Loom for These 3 Altcoins — Is It Time to Sell?

Jakarta, Pintu News – In the last week of July, total open interest in the crypto derivatives market remained at historically high levels, exceeding $200 billion.

Any significant price movement at this time could trigger huge losses for both long and short positions.

However, some altcoins are showing signs of potential massive liquidation this week. Let’s take a closer look at which altcoins could potentially experience this.

Ethereum

Ethereum (ETH) has been surrounded by positive news regarding institutional accumulation in recent months.

Read also: Ethereum Slips 2% Today — Is a Massive $4,000 Breakout Just Around the Corner?

In fact, its inflow of funds even surpassed the Bitcoin ETF (BTC). Most recently, SharpLink Gaming bought 77,206 ETH worth $296 million last week, bringing its total holdings to 438,000 ETH.

This positive development pushed the ETH price close to the $4,000 mark in the last week of July. Many analysts expect ETH to break $4,000 soon – and possibly beyond.

However, this level is also a strong psychological resistance, where profit-taking could occur at any time.

“The next important resistance level for Ethereum ($ETH) is $3,980. If it manages to break it, this could trigger a huge bullish rally!” crypto analyst Ali Martinez said.

Regardless of the direction of movement, the liquidation map shows that the liquidation potential could reach billions of dollars if ETH experiences significant price movements.

Based on data from Coinglass, if ETH manages to break above $4,000, the total liquidation of short positions could reach $1.2 billion.

Conversely, if there is heavy profit-taking and the price drops to $3,500, the liquidation of long positions could surge to $7.8 billion.

The liquidation map also shows an imbalance between long and short positions, indicating that many traders are betting bigger – with high leverage – on a potential downward price correction.

Solana

Although Solana (SOL) still needs to gain more than 50% to return to its early-year high of close to $300, its open interest has now surpassed $11 billion. This is more than 25% higher than when SOL peaked back in January.

This suggests that traders’ exposure to Solana is greater now than before. However, most of that exposure comes from the derivatives market, not spot trading.

According to data from CoinMarketCap, SOL’s daily spot trading volume is currently just over $6 billion – a far cry from the tens of billions of dollars recorded in January.

This large gap between derivatives and spot volumes reflects that Solana traders are more inclined towards short-term speculation. As a result, the token is vulnerable to sharp fluctuations and potential liquidation.

The liquidation map shows the balance between long and short positions. With the current SOL price hovering around $191, an upward move past $200 could trigger liquidations of over $600 million.

Conversely, a drop to the $181 level could lead to the liquidation of over $700 million worth of long positions.

Read also: Solana Set to Soar – Is a Return to the $206 Peak on the Horizon?

BNB

In the last week of July, BNB (BNB) set a new record high of $859. This rise was driven by increased activity on the BNB Chain network as well as growing interest from companies in BNB treasury funds.

Although BNB has shown no signs of correction so far, the BNB/USDT liquidation map on Binance reveals the use of high leverage-up to 50x.

The map is almost completely covered in yellow (indicating 50x leverage), especially in the price range of $753 to $875.

On Binance alone, the total liquidation of long positions is greater than shorts. If BNB manages to break above $875, $18.5 million worth of short positions could be liquidated. Conversely, if the price falls below the psychological level of $800, more than $36 million worth of long positions are at risk of being wiped out.

Despite the short-term fluctuations, many analysts predict that BNB will soon reach $1,000. However, others have a more cautious view, suggesting that the price will likely first drop below $800 before resuming its uptrend.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Altcoins Liquidations Risk Last Week of July. Accessed on July 29, 2025