As the second week of September begins, Altcoin’s market capitalization has not yet shown a decisive movement. Total3 (excluding Bitcoin and Ethereum) remains around $ 1 billion.
However, the liquidation map reflects the bullish expectations of short -term derivative merchants. They seem to be betting largely on an ascending scenario in the second week of September. If they are wrong, the settlement scale could be severe. Below are several altcoins that face that risk.
1. XRP
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The XRP 7 days liquidation map shows a clear imbalance between long and short cumulative liquidations. If XRP decreases this week, the holders of long positions will take heavier losses.
Several factors have encouraged merchants to bet money and take advantage of a bullish scenario. For example, Wetour, Air China’s loyalty partner, recently revealed plans to enable XRP payments.
In addition, XRP registered an 8% rebound in September. Although it is modest, it was enough for the price to confirm a breakdown of the descending trend line. This technical signal fed expectations for continuous short -term profits.
However, a recent Beinyptto report highlighted three red flags for XRP in September that could derail their rally. These include XRP reserves of records in Binance, weakening of the XRPL ecosystem activity and a strong fall in the interest of Google’s trends for XRP.
If XRP moves against short -term bullish expectations, long merchants could face up to $ 467 million in liquidations if the price falls below $ 2.6. On the other hand, if XRP increases to $ 3.2, short merchants could suffer $ 148 million in liquidations.
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2. Dogecoin (Doge)
Like XRP, the Dogecoin settlement map shows a significant imbalance, which reflects the bullish bets of short -term merchants.
Since long merchants committed large amounts of capital and leverage in a dux rally this week, they would suffer greater losses if the price falls.
If Dege falls to $ 0.20, long cumulative liquidations could reach $ 354 million. On the contrary, if Dege rises to $ 2.55, cumulative short liquidations would only total $ 80 million.
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The optimism that drives long merchants can come from the potential launch of the first Doge ETF in September. They expect this news to push the highest token this week. The data in the chain also support the upward case, which shows early signs of new entries of retail investors, although still weak.
However, this week’s main macroeconomic events could trigger unexpected movements in Altcoins markets, putting long merchants at risk. For example, the producer price index (PPI) will be launched on September 10, followed by the Consumer Price Index (CPI) on September 11. These ads often cause sudden volatility in Bitcoin and Altcoins in the short term.
3. Hyperlichid (hype)
Hyperliquid (Hype) has negotiated over $ 50, approaching its historical maximum (ATH), and is close to establishing a new record this week.
Most of the technical analyzes of exaggeration circulate on the Social Network Platform X currently inclined bullies.
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In September, Hyperliquid’s plan to launch its native stablcoin, USDH, attracted Paxos and Frax Finance proposals.
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These developments led merchants to support a bullish scenario. But if they are wrong, and Hype falls to $ 42, long merchants could face more than $ 111 million in liquidations. On the contrary, if the Token rises to $ 56, the liquidations of short merchants would total only $ 19 million.
The market does not always move against the expectations of long merchants, and could win this round. However, the proficiency pressure often follows when a cryptographic active breaks its previous one and establishes a new ATH.
If there are no profits, exaggeration merchants could face losses in case of a sharp landfill after ATH.
