Three altcoins could see $30 million liquidated this week.

The crypto market in March remained in a state of extreme fear, with the downward trend in altcoins showing no clear signs of recovery. However, some altcoins exhibited unique dynamics, attracting traders to bet against the general market trend, potentially leading to significant losses due to liquidation.

So, what are the standout altcoins and what risks should Derivative traders be aware of this week?

1. Bittensor (TAO)

Positive discussions about Bittensor (TAO) have begun to emerge as the price shows signs of recovery. From a Dip of $144 last month, TAO has risen above $196 this month.

The TAO holding community believes this altcoin possesses several advantages that can help sustain its recovery. Currently, approximately 68% of the TAO supply is Staking . Despite significant price fluctuations, the number of Staking Token has continued to increase from 2023 to 2026.

“I believe that with such low circulating supply, if demand increases, the price could surge significantly. Looking at the current chart, the price is in a fairly solid accumulation zone. I myself will continue to accumulate more around this price level. The target is $1,000.” – DeFi expert Tanaka predicts .

Comparing the number of Staking tokens and the price of Bittensor (TAO). Source: taostats

This confidence led many TAO traders to readily take on additional Longing positions and use high leverage in March. According to the liquidation map, the cumulative liquidation volume of TAO Longing positions is significantly higher than that of Short positions.

Map of TAO transaction liquidation on exchanges. Source: Coinglass

Longing traders are placing their faith in TAO's intrinsic momentum, believing it will help the price maintain its "resistance" against selling pressure stemming from the increasing risk aversion in the market.

However, negative developments in the Middle East could still cause capital to continue flowing out of altcoins. If this happens, prices could fall further and trigger a liquidation storm.

According to data from Coinglass, if TAO falls to $160 this week, Longing positions could be liquidated with a total value of nearly $18 million.

2. World Liberty Financial (WLFI)

Last month, BeInCrypto reported on a proposal to build a WLFI Governance Staking System. This proposal aims to encourage investors to participate more actively in WLFI governance.

According to the proposal, Staking would be mandatory for holder to be eligible to vote using unlocked Token . The voting deadline is approaching. Currently, over 99% support the proposal , with only 0.5% opposing it.

If the proposal is approved, it could generate demand for WLFI and support price growth. Meanwhile, the liquidation map shows that the "flammable" side ( Short positions) is significantly dominant.

Map of WLFI transaction liquidation on the exchange. Source: Coinglass

Therefore, if this new sentiment continues to drive WLFI sharply higher this week and surpasses the $0.11 mark, Short positions risk liquidation, with total losses exceeding $13 million.

3. OKB

Over the weekend, OKB surged 40% after ICE – the parent company of the New York Stock Exchange (NYSE) – acquired a stake in OKX for $25 billion and secured a seat on its board of directors.

This altcoin continues to attract close attention from traders. OKB 's Open Interest has increased from $17 million last week to over $33 million at this time .

Many short sellers believe that the recent sharp rise in OKB price may quickly collapse due to the overall negative market sentiment. Meanwhile, Longing traders expect OKB 's growth story to remain strong, especially as OKX valuation continues to rise.

“Although the crypto and altcoin markets are quite sluggish, centralized exchanges are not. Intercontinental Exchange’s investment proves this. CEX platforms have a large young user base and very robust trading systems. They can easily expand to other asset classes such as gold, silver, crude oil, stocks, and equities. When combined with prediction markets and news trading, future CEX platforms have the potential to become a new trading ecosystem where everything is tradable. These platforms can develop into financial super-apps instead of just remaining in the crypto sector.” – Colin Wu, Editor-in-Chief of Wu Blockchain, predicted .

Liquidation map on the OKB exchange. Source: Coinglass

The liquidation map shows that if OKB falls to $87.2, the total volume of Longing positions at risk of liquidation could exceed $6 million. Conversely, if OKB rises to $109.8, the total volume of Short positions at risk of liquidation could reach $5 million.

In summary, these altcoins are all experiencing a mix of positive internal factors and negative pressure from overall market sentiment. This creates a significant challenge that could lead to sharp and unexpected volatility, especially for traders using high leverage.