Strategy sold 1638 BTC while public firms cut 319 BTC total; DEX spot volume rose 12.77% and perps 20.15% despite $2.55B stablecoin outflow.

According to Lookonchain, the total stablecoin market cap rose by 509 million dollars, signaling improving on-chain liquidity and potential bid support for BTC and ETH, based on its Dec 22, 2025 weekly report source: https://x.com/lookonchain/status/2003135259655999913. Public companies increased their combined BTC holdings by 907.13 BTC valued at 81.18 million dollars, which historically correlates with reduced free float and constructive spot demand, source: https://x.com/lookonchain/status/2003135259655999913. DEX volumes were mixed across spot and perpetuals, indicating uneven risk appetite and rotation among traders, source: https://x.com/lookonchain/status/2003135259655999913. Bitmine purchased another 98,852 ETH worth 302 million dollars and now holds 4,066,062 ETH valued at 12.42 billion dollars, a whale accumulation that can underpin ETH market depth, source: https://x.com/lookonchain/status/2003135259655999913 and https://x.com/lookonchain/status/2003098850907902272. MicroStrategy reported no BTC purchases for the period in its Form 8-K, implying no incremental corporate bid last week, source: https://assets.contentstack.io/v3/assets/bltf8d808d9b8cebd37/blt5d076d61eebdec9e/6948cb2077fa9f36d375147a/form-8-k_12-22-2025.pdf. A whale or institution lost 20.43 million dollars net after spending 23 million dollars on AI agent tokens on Base and exiting for 2.58 million dollars, highlighting elevated downside and liquidity risks in small-cap AI tokens, source: https://x.com/lookonchain/status/2000850214350110944.

According to @ki_young_ju, Uniswap (UNI) could go parabolic if the protocol fee switch is activated, citing roughly $1T in year-to-date volume for v2 and v3 and estimating about $500M in annual burns if volume holds (source: @ki_young_ju on X, Nov 11, 2025). He adds that exchanges hold about $830M worth of UNI, implying a potential supply shock even with unlocks if the burn mechanism turns on (source: @ki_young_ju on X, Nov 11, 2025).