Latest Update
2026-10-05 06:57 UTC

Lookonchain: Firms Add 3,342 BTC as Stablecoins Rise

Lookonchain: Firms Add 3,342 BTC as Stablecoins Rise

Lookonchain data shows stablecoin supply up $715.8M while public companies bought 3,342 BTC; BTC holds $85280.76 with EMA50 support at $84666.58.

Source

Analysis

Lookonchain data for Sept 28–Oct 4 2026 reveals stablecoin supply expanded $715.8M while four public companies purchased 3,342 BTC worth $286.31M.

Strategy acquired 334 BTC for $28.61M and Bitmine added 15,112 ETH for $40.86M; DEX spot volume dropped 3.92% and perpetuals volume fell 9.85% week-over-week with protocol revenue down 2.57%.

BTC price prediction models now incorporate last twelve months of institutional accumulation patterns as stablecoin market growth continues to fund leveraged positions. DEX trading volume analysis shows SundaeSwap revenue surging 11613% despite broader contraction.

Bitcoin trades at $85280.76 inside the Bollinger band with upper resistance at $86630.28 and lower support at $83897.15; the EMA50 at $84666.58 and EMA200 at $81455.18 both act as concrete support while MACD golden cross at 407.82 keeps the 4-hour structure bullish and RSI at 51.59 leaves room before overbought conditions develop.


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