Top 3 Altcoins at Risk of Major Liquidations During the Holiday Week

Several altcoins are facing significant liquidation risks as Christmas week 2026 approaches. Liquidation heatmaps reveal clear discrepancies, while Open Interest has markedly increased.

Key Takeaways

Ethereum (ETH) is at risk of more than $4 billion in Long liquidations if it drops to around $2,660.
Midnight (NIGHT) has seen its Open Interest skyrocket, raising concerns for Long traders, with potential liquidations at $15 million if it falls to $0.077.
Audiera (BEAT) has surged over 5,000% since launching but faces liquidation risks if it dips below $3, potentially reaching $10 million in Long liquidations.

Which altcoins are vulnerable, and what factors should investors monitor if they are holding either Long or Short positions? This analysis delves into the details.

1. Ethereum (ETH)

The 7-day liquidation heatmap for ETH shows that potential Long liquidations significantly surpass Short liquidations. If ETH's price falls to the $2,660 range during Christmas week, the total Long liquidations could exceed $4 billion. Conversely, if ETH ascends to $3,370, the total Short liquidations might reach $1.65 billion.

Key Risk Factors for Long Traders:
Long traders should keep an eye on various market indicators. If these factors gain momentum, they might lead to a sharp bearish trend, resulting in substantial liquidations for Long traders.

2. Midnight (NIGHT)

Midnight (NIGHT) has recently gained significant attention among traders. Over just two weeks, Open Interest ballooned from $15 million to over $90 million.

Liquidation figures suggest that many traders are anticipating continued price increases for NIGHT. Consequently, traders who bet on bullish scenarios could face heavier losses due to increased capital and leverage usage.

Notably, Cardanians, a firm operating Cardano stake pools, disclosed that NIGHT has achieved a daily trading volume of $6.8 billion, surpassing the combined trading volumes of SOL, XRP, and BNB. However, NIGHT recorded its first price decline after a streak of seven consecutive gains, indicating rising selling pressure.

Furthermore, an investor known as Plutus highlighted that 100% of current NIGHT holders who purchased on the market are in profit, which presents potential profit-taking risks.

📢 Profit Leaderboard Update:
“100% of $NIGHT holders who bought on the market are currently in profit. The top holder exchanged 6.2M $ADA for 28M $NIGHT. Higher!” 🚀
— Plutus (@PlutusPool)

These developments signal that profit-taking may intensify this week. The liquidation heatmaps indicate that if NIGHT's price falls to $0.077, cumulative Long liquidations could reach $15 million.

3. Audiera (BEAT)

According to a recent report by BeInCrypto, BEAT has skyrocketed over 5,000% since its launch in November, hitting an all-time high of $4.99. However, many traders seem dissatisfied and expect further increases, as seen in the liquidation data, where potential Long liquidations notably outnumber Short liquidations.

Concerns have emerged about potential price manipulation, drawing comparisons to the dramatic 75% crash of Bitlight (LIGHT). Observations from market data platform CoinAnk have raised warnings regarding liquidation risks.

“In a negative funding rate environment, even though the cost of holding Short positions is low, extreme volatility in $BEAT can easily result in cascading liquidations that impact both Long and Short positions,” CoinAnk stated.

If BEAT's price drops below $3, total Long liquidations could reach $10 million.

Stay vigilant during this volatile period, especially as liquidity conditions fluctuate over the holiday week!