OVERVIEW

Stocktwits Crypto Data Dive – Week 49

Welcome to the Stocktwits Crypto Data Dive for Week 49 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 49 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: -7%

• From ATH: -29%

Click to enlarge.

Altcoin Market Cap

• All-Time High: $1.73 trillion

• YTD: -11%

• From ATH: -30%

Click to enlarge.

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
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.

30-day Total Crypto Liquidation Chart – Click to enlarge.

• October 10 – the event. Roughly $17B in long liquidations as BTC pukes off the local highs. Shorts get clipped too, but the long side takes the catastrophic hit.

• October 28 – small but notable pop in long liquidations as BTC briefly fails a bounce and weak hands try dip-buying for the fifteenth time that week.

• November 3 – another small green spike as price slides again, but nothing remotely close to the early-October purge.

• Throughout late October – short-side hits are tiny. Bears barely get punished, which matches the downtrend in the BTC price trace.

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.

7-day Cryptocurrency Liquidation Heatmap – Click to enlarge.

• November 30 – the column where everything lights up. BTC, ETH, SOL, DOGE, ADA, ZEC, STRK, and even the weird stuff all glow yellow to orange.

• December 1 – majors run hot again, with BTC and ETH leading the charge and alts following a column or two behind.

• December 2 – scattered orange pockets, especially in ASTER, STRK, and FARTCOIN, while majors stay mid-green. Classic over-levered alt blowout.

• December 4 – a late sharp pop in alts, especially STRK and FARTCOIN again. BTC barely moves, which implies local speculation got torched in isolation.

• December 5 – cooling off, but BTC and ETH still have enough yellow to remind you the crowd is re-levering into every bounce.

Some Interesting Insights 👓️ 

• The 30-day view shows one thing: early-October’s $17B long liquidation reset the entire leverage cycle. Everyone spent the next month trading scared.

• The 1-week view shows that fear didn’t last. By late November and early December, traders were back to levering into every micro-move, especially in STRK and the meme tail.

• BTC’s downtrend through most of October kept pressure consistently on longs, while the heat-map shows December’s spikes required far less directional volatility to trigger big headcounts.

• Both charts show that once majors fire, alts echo almost immediately. Doesn’t matter which narrative was fashionable that morning.

• If you want timing tells, watch for the combo: multi-hour orange columns on BTC + even a small uptick in daily long liquidations. That pairing usually means someone’s about to get swept again.

HEATMAP
One-Week Crypto Heat Map 🌡️

Click to enlarge.

One-Month Crypto Heat Map 📆

Click to enlarge.

Quarterly Crypto Heat Map 📫️

Click to enlarge.

YTD Heat Map 🗺️

Click to enlarge.

Terms & Conditions 📝

Securities Disclaimer: STOCKTWITS IS NOT A TAX ADVISOR, BROKER, FINANCIAL ADVISOR OR INVESTMENT ADVISOR. THE SERVICE IS NOT INTENDED TO PROVIDE TAX, LEGAL, FINANCIAL OR INVESTMENT ADVICE, AND NOTHING ON THE SERVICE SHOULD BE CONSTRUED AS AN OFFER TO SELL, A SOLICITATION OF AN OFFER TO BUY, OR A RECOMMENDATION FOR ANY SECURITY. Trading in such securities can result in immediate and substantial losses of the capital invested. You should only invest risk capital, and not capital required for other purposes. You alone are solely responsible for determining whether any investment, security or strategy, or any other product or service, is appropriate or suitable for you based on your investment objectives and personal and financial situation. You should also consult an attorney or tax professional regarding your specific legal or tax situation. The Content is to be used for informational and entertainment purposes only and the Service does not provide investment advice for any individual. Stocktwits, its affiliates and partners specifically disclaim any and all liability or loss arising out of any action taken in reliance on Content, including but not limited to market value or other loss on the sale or purchase of any company, property, product, service, security, instrument, or any other matter. You understand that an investment in any security is subject to a number of risks, and that discussions of any security published on the Service will not contain a list or description of relevant risk factors. In addition, please note that some of the stocks about which Content is published on the Service have a low market capitalization and/or insufficient public float. Such stocks are subject to more risk than stocks of larger companies, including greater volatility, lower liquidity and less publicly available information. Read the full terms & conditions here. 🔍

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