OVERVIEW
Stocktwits Crypto Data Dive - Week 35
Welcome to the Stocktwits Crypto Data Dive for Week 35 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:
Total and Altcoin caps, stamped with YTD moves and the gap to ATH.
Seven-layer market-cap recap (TMC ex-stables, ex-top-50, and five more flavors).
Crypto Index Performance covering 12 indices.
The Liquidation Station boards the train with 30-day totals plus a 7-day heatmap for maximum schadenfreude.
Market Heatmap, Social Volume Heatmap, Active Address Heatmap.
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 35 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: -10%
From ATH: -36%
Click to enlarge.
Altcoin Market Cap
All-Time High: $1.73 trillion
YTD: -11%
From ATH: -38%
Click to enlarge.
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 - Last Week Hit Different Levels Of Nuts 😱
Thursday - Celebrate, We’ve Tokenized Coupons 😶
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.
Click to enlarge.
The GIF below shows the past 13 weeks of movement on the RRG.
Click to enlarge.
CRYPTO
Weekly Total Market Cap (TMC) Performance
Index | Value | Weekly Performance |
|---|---|---|
TMC Excluding BTC and ETH | $744B | +1% |
TMC Excluding BTC and Stablecoins | $755B | +2% |
TMC Excluding BTC, ETH, and Stablecoins | $462B | +1% |
TMC Excluding Stablecoins | $2T | +2% |
TMC Excluding Top 10 | $190B | +2% |
TMC Excluding Top 50 | $38B | +2% |
TMC Excluding Top 100 | $6.4B | +1% |
CRYPTO
Weekly Crypto Index Performance
Index | Weekly Performance |
|---|---|
AI | +4% |
Decentralized Finance | +9% |
Decentralized Physical Infrastructure | +8% |
Exchange Tokens | +3% |
Layer 1 | +5% |
Meme | +8% |
Proof-Of-Stake | +8% |
Proof-Of-Work | +6% |
Real World Asset Tokenization | +5% |
Rehypothecated | +6% |
Smart Contracts | +10% |
Stablecoins | 0% |
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.
30-day Total Crypto Liquidation Chart - Click to enlarge.
July 27 - July 28 - Long liquidations remain elevated in the $300M-$400M area as BTC chops. Not systemic, but still plenty of leverage pretending it had a plan.
August 3 - August 5 - Shorts take a few smaller hits, mostly in the low hundreds of millions, while BTC refuses to break lower.
August 17 - The setup starts changing fast as BTC lifts from the range. Short liquidations begin expanding, but this is still just the warning shot.
August 18 - Main event. Short liquidations explode toward $2.8B as BTC breaks higher. That’s not “resistance.” That’s forced buying with consequences.
August 19 - August 20 - Follow-through short liquidations stay massive, roughly $700M to $1B+, while BTC keeps pressing higher.
August 21 - August 27 - Aftershock phase. Long liquidations reappear in the few hundred million range, but the short-side mega-wipe is already the defining event.
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.
Weekly Crypto Liquidation History Heatmap - Click to enlarge.
August 21 20:00 - BTC, ETH, SOL, HYPE, XRP, and ZEC all open hot. This is the post-squeeze market still shaking off the August 18 disaster.
August 22 12:00 - ETH, XRP, and ZEC flash brighter while BTC stays active. Liquidation pressure spreads beyond the main pair.
August 23 04:00 - Broad upper-board heat continues across BTC, ETH, SOL, HYPE, and XRP. Majors still set the pace. Shocking, I know.
August 24 12:00 - August 25 04:00 - One of the denser stretches. BTC and ETH stay orange, while SOL, XRP, SNDK, SUI, ENA, ADA, and PUMP show stronger counts.
August 26 12:00 - August 27 04:00 - Another broad liquidation band appears, led by BTC and ETH, with HYPE, ZEC, SNDK, and ENA flaring again.
August 28 12:00 - Heat starts fading across several rows, though BTC, ETH, and SOL remain elevated.
Some Interesting Insights 👓
The monthly chart is defined by the August 18 short-liquidation explosion, followed by more short pain on August 19 and August 20.
The weekly heat-map shows the aftermath: still-hot participation, especially across BTC, ETH, SOL, HYPE, XRP, and ZEC.
Liquidation counts remained elevated even after the mega-wipe, which means traders reloaded fast. Of course they did.
The biggest notional damage was short-side, but the week after shows more two-sided chop as late longs and late shorts both got clipped.
Early-warning rule: when BTC breaks out of a long range and the heat-map stays orange across majors, do not treat the first squeeze as “done.” The aftershocks are where sloppy re-entry gets taxed.
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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. 📋
