OVERVIEW

Stocktwits Crypto Data Dive - Week 38

Welcome to the Stocktwits Crypto Data Dive for Week 38 of 2025! 📊

In this issue, we'll dive into the data to keep you informed about the progress of the overall crypto market and shine a spotlight on emerging and established trends.

What You’ll Find In The Stocktwits Crypto Data Dive has three main objectives:

1. Total and Altcoin caps, stamped with YTD moves and the gap to ATH.

2. Seven-layer market-cap recap (TMC ex-stables, ex-top-50, and five more flavors).

3. Crypto Index Performance covering 12 indices.

4. The Liquidation Station boards the train with 30-day totals plus a 7-day heatmap for maximum schadenfreude.

5. Market Heatmap, Social Volume Heatmap, Active Address Heatmap.

6. ETF scorecards for BTC and ETH still tracking 7- and 30-day flows.

So, without further delay, let's jump right into the data from week 38 and explore its intriguing insights! 🚀

CRYPTO
Crypto Market Cap Update

What is the broader trend within the crypto market? The simplest way to track this is by using three market cap charts. So let's see what we got. 🔭

*the price levels and performance values may be very different from what you read in your mailbox vs. what's happening in the live market. This is especially true when crypto faces a new bull or bear run. 

Total Market Cap

• All-Time High Close: $4.11 trillion

• YTD: +24%

• From ATH: -2%

Altcoin Market Cap

• All-Time High: $1.71 trillion

• YTD: +24%

• From ATH: 0%

CRYPTO
Total Market Cap (TMC) Performance For 2025

CRYPTO
Crypto Index Performance For 2025

CRYPTO
Liquidation Station 😱 

Interested in how much has been flushed out of leveraged long and short positions? Who’s getting hurt the most? This is the best place to get an idea of how leveraged positions are doing. 🔴 

30-day Total Liquidations 📆 

What You’re Looking At

• Green bars above zero = longs blown out because price fell.

• Red bars below zero = shorts blown out because price ripped.

• Left-hand scale is U.S. dollars (millions); the dashed line near the top sits at $1B.

• August 18 - August 19 - long side already stressed, $350-400M total.

• August 22 - deepest short squeeze of the month, roughly $400-450M.

• August 24 - largest long flush in the window, about $800-850M as BTC rolled over.

• August 28 - August 29 - follow-through long liquidations, $450-500M combined.

• September 1 - shorts clipped again, $250-300M.

• September 11 - second big short wipe, around $400-450M.

• September 15 - September 18 - smaller but steady long prints, $150-250M per day as price sagged.

7-day Liquidation Heat Map 🌡️

What You’re Looking At

• Rows = coins, columns = timestamps.

• Color = head-count of forced liquidations (legend tops at 2,000).

• A cell showing “BTC 1,600” means 1,600 separate BTC positions were liquidated.

• September 12 - BTC and ETH cycle yellow to orange multiple hours; SOL and DOGE trail one step cooler.

• September 13 - link-up across majors again; LINK and PUMP show their own yellow bursts.

• September 15 - September 16 - broad hot stripe: BTC/ETH back to yellow-orange, alts follow 1-3 hours later.

• September 17 evening - another major push in BTC and ETH; DOGE lights yellow, XRP stays green-to-yellow.

• September 18 - September 19 - activity fades to greens, which usually means the market is re-leveraging, not relaxing.

Some Interesting Insights 👓️ 

• Symmetric pain - Longs ate the largest hits on August 24 and August 28-29. Shorts got squeezed on August 22 and September 11. Both sides keep over-betting.

• Head-count stayed elevated - BTC and ETH spent multiple hours in yellow to orange on September 12-13 and September 15-17, with alts lighting up shortly after.

• Same rule still prints - Any day > $600M liquidated or any hour > 1,500 head-count usually precedes a sharp counter-move inside 24-48 hours.

• Process - Watch BTC and ETH rows first. When they flip yellow, cut alt exposure or tighten stops immediately.

HEATMAP
Total Crypto Market Heatmap 🌡️

Social Volume Heatmap 🗨️

Active Addresses Heatmap 📫️

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Author Disclosure: The author of this newsletter holds positions in ADA, LTC, IMX, LINK, WMT, COPI, MIN, AGIX, ALGO, DOGE, ZEC, AVAX, XLM, XTZ, and NEAR. 📋