The crypto market just closed its first red weekly candle after five consecutive green ones. Profit-taking pressure following the recent rally is fueling short-term pessimism, as seen on the liquidation maps of several altcoins.
In this context, a few altcoins are showing a high risk of triggering liquidations for derivatives traders in early August. Which altcoins are these?
1. XRP
The 7-day liquidation map for XRP reveals a major imbalance between Long and Short positions. Data shows that accumulated Short volume (green bars on the right) significantly outweighs Long volume (red bars on the left).
This reflects a prevailing sentiment that XRP’s price will continue to decline in the first week of August.
This bearish expectation likely stems from XRP recording two consecutive weeks of losses, dropping over 18% from $3.65 to $2.97 at the time of writing. As a result, many short-term traders believe the downtrend will persist.

However, Short traders could face surprise liquidations if XRP recovers this week. If XRP rises to $3.20, over $400 million in Short positions could be liquidated.
From July’s peak to the early August low, XRP has dropped 25%. Historically, such steep declines are often followed by notable rebounds. Hence, some analysts are warning of potential liquidations driven by this recovery.
“XRP is liquidating short positions following the liquidation of highly leveraged long positions. If XRP rises to $3.06, a large amount of short positions will be liquidated,” analyst CW stated.
2. TRUMP
The liquidation map for the TRUMP meme coin also shows a large imbalance, with most potential liquidations concentrated on the Short side.

However, many analysts believe TRUMP has consolidated around the $8.50 range—a key support level for several months. If TRUMP climbs to $9.80 this week, about $50 million worth of accumulated Short positions could be wiped out.
At the end of July, SunPump—a meme coin launch and trading platform on TRON—announced the listing of TRUMP, which enhanced the token’s liquidity. This announcement followed Justin Sun’s public commitment to invest $100 million in the TRUMP token.
These developments give TRUMP more momentum for a potential recovery, which could hurt traders betting on a price decline.
3. CFX
Conflux (CFX) surprised many investors last month by nearly quadrupling in price and pushing its market cap above $1 billion.
The liquidation map shows that most traders expect CFX to correct in early August. This is evident in the large volume of potential Short liquidations, which far exceed those on the Long side.
If CFX continues its rally and reaches $0.243, around $25 million in Short positions may be liquidated.

Recent project updates may help maintain positive sentiment toward this altcoin. On August 1, Conflux announced the Conflux v3.0.0 Upgrade, which received positive community feedback.
“This major upgrade introduces 8 NEW CIPs focused on enhancing EVM compatibility, fixing bugs, and optimizing network specs!” the Conflux Network declared.
Additionally, Google Trends data shows that searches for “Conflux Network” have surged in the past month. This renewed investor interest in the project could disappoint leveraged traders betting on a price decline.
The post 3 Altcoins at Risk of Major Liquidations in the First Week of August appeared first on BeInCrypto.