OVERVIEW

Stocktwits Crypto Data Dive - Week 32

Welcome to the Stocktwits Crypto Data Dive for Week 32 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 32 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: -49%

Altcoin Market Cap

• All-Time High: $1.73 trillion

• YTD: -26%

• From ATH: -49%

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 - Hope And Fear Now Sharing Custody Of The Market On Alternating Days 🎭️

Tuesday - Crypto Gets The Rescue Dog Treatment - Loved, Fed, Watched For Sudden Movements 😶

Wednesday - Traders Eyeing These Moves Like A Yard Sale Rolex ⌚️

Thursday - So Robinhood Just Launched It's Own Pump.fun... 🦄

Friday - The Rally Has A Pulse, A Burner Phone, And No Fixed Address 😶

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 12 - July 13 - Long liquidations spike around $300M-$350M, then shorts get hit for roughly $300M the next session. Nice little two-way slap.

• July 15 - July 16 - Another long-heavy burst, with green bars around $250M-$275M as BTC chops near the upper end of the range.

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

• July 30 - July 31 - Long liquidations remain active, with a green bar near $250M, but short pressure stays relatively contained.

• August 2 - August 4 - Short liquidations rebuild into the $120M-$170M zone while BTC holds firm. Bears kept trying. The market kept saying “cute.”

• August 6 - August 7 - Activity fades into smaller two-sided bars, suggesting no fresh cascade into the end of the window.

Some Interesting Insights 👓️ 

• Both sides got cleaned out, but longs absorbed the largest notional damage in the monthly chart.

• Participation stayed busy through the weekly heat-map even though BTC price stayed relatively calm.

• Liquidation spikes line up more with positioning pressure than any obvious headline catalyst from the screenshots.

• The market moved from late-July long flushes into early-August rotational chop.

• Early-warning rule: when BTC is flat but BTC/ETH heat-map rows stay hot and alt pockets like SPCX/SNDK flare, leverage is still hiding under the floorboards.

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. 📋