OVERVIEW

Stocktwits Crypto Data Dive - Week 31

Welcome to the Stocktwits Crypto Data Dive for Week 31 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 31 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: $4.22 trillion

• YTD: -26%

• From ATH: -48%

Altcoin Market Cap

• All-Time High: $1.73 trillion

• YTD: -26%

• From ATH: -48%

CRYPTOTWITS
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 - Crypto, Invented To Escape Central Banking, Now Waiting Fed Meeting 🤦

Tuesday - Watching Bread Mold Is More Exciting 🍞

Wednesday - Perp My Ride 🏎️

Thursday - It's Not Ethereum's Birthday 🎂

Friday - Tomorrow Is The First Day Of Awful-gust 😩

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.

• June 30 - July 1 - Early two-sided pressure, with short liquidations around $250M-$300M and longs also active near $200M+. A messy start. Naturally.

• July 5 - July 6 - Another short-side hit near $300M, while long liquidations stay elevated around 200M-$250M.

• July 11 - July 13 - Rotation gets ugly: long liquidations jump toward $300M-$350M, then shorts get clipped near $300M shortly after.

• July 15 - July 16 - Longs take another meaningful hit, roughly $250M-$275M, as price stalls and leverage gets trimmed.

• July 26 - July 28 - Largest long-side cluster of the month. Long liquidations push toward $450M, then remain elevated around 300M+.

• July 30 - Late-month long liquidation pop near $225M, but nothing close to a fresh cascade.

Quick read

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.

• July 24 20:00 - BTC and ETH start warm right away, with BTC already pushing into higher intensity. Majors lead, as usual, because apparently crypto has a chain of command.

• July 26 04:00 - July 26 20:00 - BTC and ETH heat up again, while SOL and a few second-tier names start following. Still majors-first.

• July 27 12:00 - July 28 04:00 - SNDK begins lighting up hard, with several cells pushing toward the 2,000 cap. Not subtle.

• July 28 20:00 - BTC/ETH remain active, while SKHYNIX, MU, and SNDK show stronger liquidation counts. TradFi-adjacent weirdness, because why not.

• July 30 04:00 - July 30 20:00 - Another broad activity window. BTC and ETH stay elevated, SNDK stays hot, and SOL/SPCX contribute bursts.

• July 31 12:00 - Heat cools across most rows, though BTC, ETH, and SNDK remain visible.

Some Interesting Insights 👓️ 

• The monthly chart shows two-sided liquidations, with shorts hit harder early and longs hit harder late.

• Participation stayed elevated, but liquidation notional stayed capped versus the early-June chaos.

• The weekly heat-map confirms that leverage was still busy, especially in BTC, ETH, and SNDK.

• BTC’s relatively stable price path means liquidations were driven more by positioning errors than a clean directional breakdown.

• Early-warning rule: when BTC is stable but the heat-map keeps flashing orange, someone is over-levered somewhere. Probably loudly. Probably confidently.

Get In Touch 📬

Email me, Jonathan Morgan, feedback; I’d love to hear from you. 📧
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Author Disclosure: The author of this newsletter holds positions in AVAX, ADA, PUDGY, WLD, NEAR, INJ, LTC, LINK, ZEC, XLM, and FET. 📋