OVERVIEW | Crypto Data Dive - Week 34 | Welcome to the Crypto Data Dive for Week 34 of 2026! | 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: | 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. The 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 34 and explore its intriguing insights! |
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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. | |
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Weekly Total Market Cap (TMC) Performance | Index | Value | Weekly Performance |
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TMC Excluding BTC and ETH | $656B | +11% | TMC Excluding BTC and Stablecoins | $605B | +22% | TMC Excluding BTC, ETH, and Stablecoins | $377B | +19% | TMC Excluding Stablecoins | $1.91T | +20% | TMC Excluding Top 10 | $161B | +16% | TMC Excluding Top 50 | $38B | +12% | TMC Excluding Top 100 | $6.4B | +16% |
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Weekly Crypto Index Performance | Index | Weekly Performance |
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AI | +10% | Decentralized Finance | +16% | Decentralized Physical Infrastructure | +12% | Exchange Tokens | +14% | Layer 1 | +16% | Meme | +8% | Proof-Of-Stake | +17% | Proof-Of-Work | +15% | Real World Asset Tokenization | +11% | Rehypothecated | +13% | Smart Contracts | +17% | Stablecoins | 0% |
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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. |
| July 26 - July 28 - Long liquidations rise into the $300M-$450M area while BTC stays range-bound. Not a crisis, but enough to show long leverage was still crowding up. July 30 - August 1 - Two-sided churn returns, with smaller long and short wipes mostly under $250M. Just standard “nobody is right” behavior. August 3 - August 5 - Short liquidations pick up again, roughly $150M-$250M, while BTC holds steady. Bears lean in. Market quietly writes their invoice. August 8 - August 13 - Liquidations stay smaller and mixed, mostly rotational, with no major pressure spike. August 17 - August 18 - The event. Short liquidations explode to roughly $2.7B-$2.8B as BTC breaks higher hard. That’s not a squeeze. That’s a forced evacuation. August 19 - August 20 - Follow-through short liquidations remain huge, roughly $700M to $1B+, while price continues pressing higher into the upper part of the range.
| Quick read | 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.
|  | Weekly Crypto Liquidation History Heatmap - Click to enlarge. |
| August 14 - August 16 - Heat-map details not visible in the provided screenshot, so no coin-specific liquidation count can be confirmed. August 17 - August 18 - Monthly chart shows the major short-liquidation shock, with roughly $2.7B-$2.8B in shorts wiped. This would likely be the main weekly hotspot, but the heat-map rows are not visible. August 19 - August 20 - Follow-through short liquidations remain extreme, roughly $700M to $1B+. Again, the monthly chart confirms the pressure, but the heat-map screenshot does not show which coins led it. August 21 - Weekly heat-map activity cannot be assessed from the cropped image.
| Some Interesting Insights | Both sides got cleaned out, but longs took the biggest notional hit in the monthly chart. Participation stayed elevated in the weekly heat-map even as BTC price stayed mostly stable. Liquidation spikes line up with positioning stress and failed follow-through, not a visible headline catalyst. The market moved from late-July long-heavy liquidation into early-August rotational chop. Early-warning rule: when BTC is flat but BTC/ETH heat-map rows stay hot, the market is not quiet. It is just compressing leverage into smaller windows, because apparently that’s entertainment now.
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