Lookonchain: Firms Add 6,202 BTC as Stablecoins Drop $2.19B
Lookonchain reports public companies accumulated 6,202 BTC for $494.23M last week while total stablecoin market cap fell $2.19B and DEX volumes declined.
SourceAnalysis
Lookonchain data shows public companies bought 6,202 BTC worth $494.23M in the week of Oct 19-25 while total stablecoin supply contracted $2.19B.
DEX spot volume dropped 12.21% week-over-week and perpetuals volume fell 8.59%, with protocol revenue down 10.57%.
Bitmine purchased 10,452 ETH for $24.13M; Strategy made no Bitcoin moves.
Bitcoin trades at $80636.01 inside its Bollinger Bands with the 50-EMA at $81407.4 acting as immediate resistance and the 200-EMA at $81846.41 capping upside; the MACD golden cross supports continuation only if price reclaims the upper band at $81770.57, otherwise a pullback toward the lower band support at $79600.36 remains the base case given neutral RSI at 46.2.
Lookonchain
@lookonchainLooking for smartmoney onchain