Several altcoins entered September with imbalances on their liquidation maps, highlighting a clear gap between bullish and bearish sentiment. These conditions create a favorable setup for large-scale liquidations.

The following are three altcoins at risk of liquidations in the first week of September, based on liquidation data and the latest news likely to influence their price movements.

1. Ethereum (ETH)

Ethereum’s 7-day liquidation map shows a major imbalance. If ETH rises to $4,925 this week, accumulated short liquidations could exceed $6 billion.

On the other hand, if ETH falls below $4,000, long positions worth about $3.96 billion would be liquidated.

Data indicates that short-term traders are leaning toward shorting Ethereum this week. They placed larger bets and used higher leverage on short positions.

However, they may face setbacks. On-chain data from the first day of September shows large whale transactions selling BTC to buy ETH.

Lookonchain reported that Bitcoin whale wallets continuously sold BTC to purchase more than $4 billion worth of ETH.