Three altcoins face the risk of mass liquidation in the third week of September

The altcoin quarterly index hit a five-year high in the second week of September, driving multiple altcoins to hit record highs and attracting a large number of open contracts, but also increasing liquidation risks. If Ethereum (ETH) falls to $4,046, its long positions may face liquidation of $8.8 billion; if ETH rises to $5,000, it may face liquidation of $4.8 billion. Binance Coin (BNB) hit an all-time high of $944, with long positions facing liquidation risks of $189 million at $818. MYX Finance (MYX) soared 450%, but fell more than 40% from its peak, and could face a $19 million short position liquidation if it rebounded to $12.35.