OVERVIEW

Stocktwits Crypto Data Dive - Week 47

Welcome to the Stocktwits Crypto Data Dive for Week 47 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 47 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: -31%

Altcoin Market Cap

• All-Time High: $1.73 trillion

• YTD: -12%

• From ATH: -31%

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
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.

• October 21 - October 22 - early period where longs cough up a few hundred million as BTC backs off local highs, while shorts take only modest damage.

• October 29 - first big spike where long liquidations approach the $1 B region on a sharp down day, with shorts barely touched.

• November 2 - November 3 - twin peaks where longs get tagged for roughly $1.1-1.6 B over two sessions as BTC breaks lower; shorts again contribute only a small red base.

• November 12 - another long-side washout around the mid-range, several hundred million liquidated as a brief bounce fails.

• November 16 - shorts finally get meaningful payback, with a deeper red bar as price squeezes off the lows and punishes late bears.

• November 20 - largest late-month spike, close to $1.3-1.5 B in long liquidations as BTC dumps toward the high-$80K area and leverage optimists get escorted out.

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.

• November 14 11:00 - opening salvo with BTC, ETH, SOL and STRK all glowing yellow/orange; classic first flush where majors move together and smaller alts lag a column or two.

• November 17 03:00 - broad mid-week sweep where BTC and ETH spike again, with follow-through in ADA, AVAX, LINK and a cluster of DeFi names as copycat positioning gets cleaned up.

• November 18 11:00 - one of the densest columns on the map; majors plus ZEC, STRK, and several smaller rows all test the upper cap near 2,000 liquidations per hour.

• November 19 19:00 - alt-heavy column where STRK, PAXG, and a mix of L1/L2 names pop bright while BTC/ETH are relatively calmer, suggesting some rotation into higher-beta gambling.

• November 20 11:00 - late-week capitulation; BTC, ETH, SOL, XRP, STRK, TAO and even the meme tail light up together, matching the large long-side wipe in the 30-day bar chart.

• November 21 03:00 - after-shock move with majors still warm and a last round of orange on STRK, showing late bears and revenge longs both contributing to the body count.

Some Interesting Insights 👓️ 

• Both charts say the same thing in different accents: this period punished longs far more than shorts, but neither side stayed safe for long once hourly spikes started chaining together.

• Participation and liquidation counts ramp into mid and late November, with more bars near the upper notional band and more heat-map columns pressing toward the 2,000 cap.

• Major liquidation spikes in BTC on November 18-20 line up cleanly across both views, showing how macro-scale direction (BTC downtrend) and micro-scale leverage events (hourly heat) stack on top of each other.

• Majors set the tempo; once BTC and ETH start printing orange columns, secondary names and high-beta toys like STRK, TAO, and the meme tail quickly follow.

• A simple, usable rule: when you see consecutive days of large green liquidation bars and the heat-map columns for BTC/ETH turn bright across multiple hours, the next move is usually about who hasn’t been liquidated yet, not where your favorite narrative thinks price “should” go.

Risk cue to tattoo on your monitor: cut size or cut leverage when BTC’s daily long wipes and the hourly heat-map for majors spike at the same time, because that combo rarely forgives hero trades.

HEATMAP
One-Week Crypto Heat Map 🌡️

One-Month Crypto Heat Map 📆

Quarterly Crypto Heat Map 📫️

YTD Heat Map 🗺️

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Author Disclosure: The author of this newsletter holds positions in ADA, IMX, COPI, MIN, AGIX, ALGO, ZEC, XLM, and NEAR. 📋