Lookonchain: Firms Add 612 BTC as Stablecoins Drop $687M

Lookonchain data for May 18–24 reveals stablecoin market cap declined $687M with DEX spot and perp volumes also lower, yet four public companies still accumulated 612 BTC worth $47.5M.

Strategy led by Michael Saylor and Bitmine backed by Tom Lee both paused purchases of BTC and ETH. With BTC price at $77561.71 inside the Bollinger Bands and pressing upper resistance at $78291.58, the neutral RSI at 56.99 combined with the MACD golden cross keeps the structure bullish above EMA50 support at $77274.68, supporting further upside in BTC price prediction before any crypto market crash risk materializes and reinforcing institutional crypto buying trends.