Presented By

OVERVIEW

Stocktwits Crypto Data Dive - Week 17

Welcome to the Stocktwits Crypto Data Dive for Week 17 of 2026! 📊

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 17 and explore its intriguing insights! 🚀

SPONSORED BY RAD INTEL
The Berkshire Hathaway model is now being applied to AI

Warren Buffett built Berkshire Hathaway by acquiring strong businesses and compounding value over time.

RAD Intel is applying a similar model to AI.

Instead of a single product, the company is building a holding structure powered by a shared intelligence layer. That core platform helps brands predict which audiences, creators, and messages will perform before budgets are committed, and it’s already used across Fortune 1000 campaigns and global agencies.

As new businesses plug into that layer, performance improves across the portfolio, not just within one line of revenue.

That model is gaining traction.

RAD Intel delivered 2× sales contract growth from 2024 to 2025 and has grown from roughly $5M to $225M+ in valuation over the past 5 years, a 5,400%+ increase. It has raised $75M+ from 20,000+ investors, is backed by institutional funds, selected by the Adobe Design Fund, and has reserved its Nasdaq ticker under $RADI.

Invest before the April 30 pricing reset to secure current terms

This is a paid advertisement for RAD Intel made pursuant to Regulation A+ offering and involves risk, including the possible loss of principal. The valuation is set by the Company and there is currently no public market for the Company's Common Stock. Nasdaq ticker “RADI” has been reserved by RAD Intel and any potential listing is subject to future regulatory approval and market conditions. Brand references reflect factual platform use, not endorsement. Investor references reflect factual individual or institutional participation and do not imply endorsement or sponsorship by the referenced companies. Please read the offering circular and related risks at invest.radintel.ai.

*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.

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: $4.22 trillion

• YTD: -15%

• From ATH: -40%

Altcoin Market Cap

• All-Time High: $1.73 trillion

• YTD: -15%

• From ATH: -41%

STOCKTWITS
Missed An Issue This Week? I Got Ya Right Here 👇️

Here’s this week’s Cryptotwits newsletters. That you probably read already. Maybe. Probably.

Monday - What The Kelp Happened 🤦

Tuesday - Well, The New Fed Chair Is A Degen 😱

Wednesday - So Bullish I Thanked The Self Checkout Machine 👍️

Thursday - Altcoins Saw Green And Immediately Made It Weird 😐️

Friday - DeFi United: Aave Passes Around The Hat 🎩

CRYPTO
Stocktwits Crypto Index RRG

Relative Rotation Graphs (RRG) help us visualize how a currency or sector performs compared to a benchmark - in this case, the U.S. Dollar Index (DXY). Think of the four colored sectors as stages in a race:

• Leading Quadrant (green) - You're a champ! 🏆 You're ahead of everyone else, and the crowd is cheering. But watch out; you might be overdoing it.

• Weakening Quadrant (yellow) - You're slowing down 😓 and losing your lead. Maybe you're a bit demoralized because your biggest fan didn't show up. You're now in the middle of the pack.

• Lagging Quadrant (red) - Disaster strikes! 😱 You're injured, exhausted, or just made a big mistake. You're now in last place, and it's a sad scene.

• Improving Quadrant (blue) - Time for a comeback! 💪 Your motivation returns, the music swells, and you're picking up speed. You're back in the middle, catching up with the leaders.

Analyzing the RRG Examples 

Example 1: Rapid Rotation
- If an instrument moves quickly through all four quadrants, it could indicate high volatility or erratic behavior. Traders may want to be cautious or use appropriate risk management strategies in such cases.

Example 2: Stuck in the Middle
- An instrument that remains close to the center of the RRG might be in a consolidation phase, lacking a clear trend or momentum. Traders might wait for a decisive move before entering a position.

Example 3: Consistent Leader
- If an instrument stays in the Leading Quadrant (top right) for an extended period, it could signify a strong, sustained uptrend. Traders might consider buying opportunities or riding the trend.

Example 4: Slow Recovery
- An instrument that gradually moves from the Lagging Quadrant (bottom left) to the Improving Quadrant (blue) and eventually to the Leading Quadrant (green) could indicate a slow but steady recovery. Traders might look for potential reversal or bottom-fishing opportunities.

The GIF below shows the past 21 days of movement on the RRG.

The GIF below shows the past 13 weeks of movement on the RRG.

CRYPTO
Weekly Total Market Cap (TMC) Performance

CRYPTO
Weekly Crypto Index Performance

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.

• Apr 6 - Apr 7 - Early warning shot: $400M short liquidations. Market starts leaning.

• Apr 11 - Apr 13 - Follow-through squeezes, stacking $300M-$400M events back-to-back.

• Apr 16 - Apr 17 - Big one: $600M short wipe. That’s forced positioning, not profit-taking.

• Apr 21 - Apr 22 - Another $300M+ flush, because apparently people needed a reminder.

• Throughout - Long liquidations stay smaller and more frequent, more like maintenance than panic.

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.

• Apr 17 - Apr 19 - Initial cluster across BTC/ETH. Positioning gets reset quickly.

• Apr 19 - Apr 21 - Stronger, sustained band. This aligns with rising squeeze pressure.

• Apr 21 - Apr 22 - Peak intensity window. Matches that monthly short wipe continuation.

• Apr 22 - Apr 24 - Cooling phase. Less activity because… there’s less left to liquidate.

Some Interesting Insights 👓️ 

• Monthly shows a clear pattern: shorts leaning into shorts getting erased.

• Weekly confirms it: sustained pressure, not one-off events.

• Liquidation clusters tightening = market getting more directional.

• Longs still take hits, but nothing compared to the serial short deletions.

Get In Touch 📬

Email me, Jonathan Morgan, feedback; I’d love to hear from you. 📧
Follow me on Stocktwits 🫂 And Sponsor this newsletter 😎 

Terms & Conditions 📝

Securities Disclaimer: STOCKTWITS IS NOT A TAX ADVISOR, BROKER, FINANCIAL ADVISOR OR INVESTMENT ADVISOR. THE SERVICE IS NOT INTENDED TO PROVIDE TAX, LEGAL, FINANCIAL OR INVESTMENT ADVICE, AND NOTHING ON THE SERVICE SHOULD BE CONSTRUED AS AN OFFER TO SELL, A SOLICITATION OF AN OFFER TO BUY, OR A RECOMMENDATION FOR ANY SECURITY. Trading in such securities can result in immediate and substantial losses of the capital invested. You should only invest risk capital, and not capital required for other purposes. You alone are solely responsible for determining whether any investment, security or strategy, or any other product or service, is appropriate or suitable for you based on your investment objectives and personal and financial situation. You should also consult an attorney or tax professional regarding your specific legal or tax situation. The Content is to be used for informational and entertainment purposes only and the Service does not provide investment advice for any individual. Stocktwits, its affiliates and partners specifically disclaim any and all liability or loss arising out of any action taken in reliance on Content, including but not limited to market value or other loss on the sale or purchase of any company, property, product, service, security, instrument, or any other matter. You understand that an investment in any security is subject to a number of risks, and that discussions of any security published on the Service will not contain a list or description of relevant risk factors. In addition, please note that some of the stocks about which Content is published on the Service have a low market capitalization and/or insufficient public float. Such stocks are subject to more risk than stocks of larger companies, including greater volatility, lower liquidity and less publicly available information. Read the full terms & conditions here. 🔍

Author Disclosure: The author of this newsletter holds positions in AVAX, ADA, PUDGY, WLD, NEAR, INJ, LTC, LINK, ZEC, XLM, and FET. 📋