OVERVIEW

Stocktwits Crypto Data Dive - Week 40

Welcome to the Stocktwits Crypto Data Dive for Week 40 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 40 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: +26%

• From ATH: -1%

Altcoin Market Cap

• All-Time High: $1.71 trillion

• YTD: +23%

• From ATH: -1%

CRYPTO
Total Market Cap (TMC) Performance For 2025

CRYPTO
Crypto Index Performance For 2025

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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.

• September 21 - month’s shocker: $3.0B long wipe in one day. True cascade.

• September 23 - second wave: $1.0-1.1B longs flushed.

• September 13 - September 15 - moderate long prints $250-450M as BTC stalled.

• September 27 - October 1 - smaller, choppy days; shorts pop $150-300M on September 29 and October 1, while longs see $250-350M on September 30.

• Rhythm: leverage stayed tame most days, then two outsized long-side events (September 21 and September 23) defined the month.

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 26 - September 27 - majors (BTC, ETH, SOL) push yellow to orange in U.S. hours; XRP and DOGE follow one step cooler.

• September 30 - October 1 - another hot stretch: BTC/ETH cycle yellow to orange; several L1s echo with yellow bands 1-3 hours later.

• October 2 - final flare: ETH stays hot while BTC cools to green; rotation shows up across rows.

• Oddities: ASTER and XPL show long, sustained orange bands - product-specific flows, not a market-wide signal.

Some Interesting Insights 👓️ 

• Two days made the month: September 21 ($3.0B) and September 23 ($1.0-1.1B) were long-side massacres. Everything else is background noise by comparison.

• Crowd still large: Multiple yellow to orange runs this week on BTC/ETH confirm thousands of positions per hour during stress phases.

• Same rule keeps paying: Any day > $600M liquidated or any hour > 1,500 head-count tends to be followed by a sharp counter-move inside 24-48 hours.

• Process tip: When BTC or ETH rows flip yellow, trim alt exposure or tighten stops immediately - the lag showed up again 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, IMX, COPI, MIN, AGIX, ALGO, ZEC, XLM, and NEAR. 📋