OVERVIEW
Crypto Data Dive - Week 27
Welcome to the Crypto Data Dive for Week 27 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 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.
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 27 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: $3.62 trillion
YTD: +3%
From ATH: -8%
Click to enlarge.
Altcoin Market Cap
All-Time High: $1.63 trillion
YTD: -16%
From ATH: -29%
Click to enlarge.
CRYPTO
Total Market Cap (TMC) Performance For 2025
Index | Value | Weekly Performance |
|---|---|---|
TMC Excluding BTC and ETH | $810B | +5% |
TMC Excluding BTC and Stablecoins | $868B | +6% |
TMC Excluding BTC, ETH, and Stablecoins | $575B | +6% |
TMC Excluding Stablecoins | $3T | +3% |
TMC Excluding Top 10 | $225B | +5% |
TMC Excluding Top 50 | $57B | +6% |
TMC Excluding Top 100 | $12B | +4% |
CRYPTO
Crypto Index Performance For 2025
Index | Weekly Performance |
|---|---|
AI | +7% |
Decentralized Finance | +6% |
Decentralized Physical Infrastructure | +7% |
Exchange Tokens | +4% |
Layer 1 | +3% |
Meme | +10% |
Proof-Of-Stake | +3% |
Proof-Of-Work | +2% |
Real World Asset Tokenization | +7% |
Rehypothecated | +6% |
Smart Contracts | +3% |
Stablecoins | +1% |
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 = long positions liquidated. Red bars = shorts liquidated. Height = dollars vaporized (y-axis tops at ~$920 M).
30-day Total Crypto Liquidation Chart - Click to enlarge.
June 3 - biggest single flush of the month: $900M-ish longs liquidated as BTC dropped sharply after an over-extended rally.
June 10-13 - two-day combo cleared more than $1B longs during a macro-driven risk-off move.
June 15-17 - $350M shorts torched when prices rebounded faster than bears expected.
June 22-23 - cease-fire chatter flipped sentiment; roughly $450Mshorts blown out.
July 1 - fresh red spike ($500M-ish) shows traders were leaning short into month-end and got run over.
7-day Liquidation Heat Map 🌡️
What you’re looking at: Rows are coins. Columns are time/date stamps.
Color shows head-count of liquidations:
Blue/green = quiet.
Yellow = spicy.
Orange = chaos.
Numbers in the cells = the actual count of positions forced closed.
7-day Cryptocurrency Liquidation Heatmap - Click to enlarge.
June 27 - June 28 - BTC and SOL light up yellow/orange (>1,500 counts) as a surprise U.S. CPI beat slams risk assets.
June 30 - another orange column: ETH tops 1,600 head-count during a flash wobble driven by ETH/BTC ratio unwind.
July 1 - cross-market squeeze: BTC again above 1,800 counts (positions wiped out), ETH > 1,500, while BONK and FIL print their first orange cells (memes over-levered on the wrong side).
Lower beta tickers like TON, APT, NEAR rarely exceed 200 counts; little leverage, little forced activity.
Steadier greens/blues in LINK and DOT show traders kept position sizes modest despite the broader volatility.
Some Interesting Insights 👓️
Volatility is migrating from geopolitics to macro prints, but the playbook stays the same: big liquidation spikes (> $60M in a day or > 1,500 counts) are usually followed by a violent counter-move hunting the opposite side’s stops.
Lower-beta names (TON, APT, NEAR) stayed blue/green-little collateral, little drama, while meme plays (BONK, FIL) finally hit the orange zone, showing fresh degens arrived late and levered.
Leverage rebuilt inside 48 hoursafter each wipe-out; the crowd refuses to stay flat.