OVERVIEW

Stocktwits Crypto Data Dive - Week 39

Welcome to the Stocktwits Crypto Data Dive for Week 39 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 39 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: +13%

• From ATH: -11%

Altcoin Market Cap

• All-Time High: $1.71 trillion

• YTD: +9%

• From ATH: -12%

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 28 - first meaningful long flush, roughly $350–450M.

• September 3 - another green day, $250–300M in long liquidations.

• September 11 - deepest short wipe of the month, about $350–450M red.

• September 15–19 - rhythm of smaller prints ($100–250M a day) while price drifted up.

• September 21 - monster long purge, $1.6–1.7B. Biggest single day on the chart.

• September 23 - second wave, $1.0–1.1B in long liquidations.

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 21 - vertical wall of orange across majors. BTC/ETH/SOL/XRP all push toward the cap; smaller names echo yellow minutes later.

• September 23 - another orange burst concentrated in majors, matching the second huge green bar on the 30-day chart.

• September 25 - smaller but broad yellow band as leverage tries to re-arm.

• Oddity: ASTER shows a near-continuous orange band through the week.

Some Interesting Insights 👓️ 

• Two event days defined the month/week: September 21 ($1.6–1.7B) and September 23 ($1.0–1.1B) were long-side massacres. Everything else was noise compared to those.

• Shorts only had one real moment: September 11 printed the only deep red day ($350–450M). Bulls dominated the risk for the rest.

• Head-count confirmed it: the heatmap’s orange columns on Sept 21 and Sept 23 show thousands of positions detonating per hour on BTC/ETH - true market-wide cascades, not isolated alt drama.

• Same playbook still pays: any day > $600M liquidated or any hour > 1,500 head-count tends to be followed by an aggressive counter-move inside 24–48 hours.

• Process tip: when BTC/ETH rows flip yellow, trim alt exposure immediately; the lag was clear this week.

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. 📋