- Solana risks over $2.3 billion in liquidations depending on whether it holds above or below $200.
- Plasma shows heavy short imbalance, with potential $118 million in short liquidations if it rebounds.
- Aster’s whale accumulation and hype push shorts into danger, with $70 million at risk if price climbs higher.
Crypto markets are entering October on shaky ground, with billions in liquidations hanging over traders’ heads. Solana, Plasma, and Aster stand out as the three altcoins most at risk of sharp price moves that could wipe out longs or shorts in a matter of hours. With liquidation maps flashing red, traders are preparing for a high-stakes week ahead.
Solana (SOL) Nears $200 Battleground
Solana is trading dangerously close to $200, a level that could decide its short-term fate. If SOL climbs toward $230, shorts worth roughly $1.18 billion will be liquidated. But if it slips below $200 and heads toward $186, longs worth $1.16 billion could get wiped out.
Short-term SOL holders are hovering near breakeven, raising the risk of capitulation. A sudden burst of bullish news could swing things upward, but the same volatility might punish both sides if price whipsaws around this key zone.
Plasma (XPL) Faces Short Imbalance
Plasma had a breakout September, soaring 130% to $1.8 before crashing back to $1.3. That drop made it the fourth-most liquidated altcoin, trailing only BTC, ETH, and SOL.
Liquidation maps reveal shorts heavily dominate XPL. If the token falls further to $1.12, long liquidations could total $64.4 million. On the flip side, a rally to $1.69 might trigger $118 million in short losses. Despite the pullback, Plasma remains active, with daily transactions hitting 400,000 and a $5B stablecoin market cap. Traders see it as one of the most promising L1 launches this year.
Aster (ASTER) Draws Whales and Retail Hype
Aster has become the top revenue-generating Perp DEX despite only holding a $3 billion market cap. Even after a 20% correction, market sentiment remains overwhelmingly bullish, especially with whales accumulating and influencer hype, including a buy from YouTube star MrBeast.
If ASTER climbs to $2.22, shorts worth more than $70 million could be liquidated. A dip to $1.59, however, would liquidate longs worth $65 million. With strong buying momentum, bearish traders face the highest risk if price continues to climb.
Final Thoughts
October is shaping up to be a volatile month, and Solana, Plasma, and Aster sit at the center of potential liquidation storms. With billions of dollars in positions exposed, traders will need to tread carefully or risk getting caught on the wrong side of the next big move.
