Lookonchain: Firms Shed 2,501 BTC Last Week

Lookonchain data for Aug 10–16 2026 shows total stablecoin market cap grew $40.88M while DEX spot volume fell 14.13% and perpetuals volume fell 10.49% week-over-week. Public companies recorded a net reduction of 2,501 BTC ($158.99M) as seven firms added holdings and four reduced them.

Protocol revenue rose just 0.09% with Hydration Lending posting a 2085% jump; Strategy stayed inactive on BTC while Bitmine purchased 9,926 ETH ($18.86M). Over the past six months institutional flows have alternated between accumulation and distribution without clear directional dominance.

Bitcoin trades at $63918.76 inside a bullish structure with price testing upper Bollinger resistance at $63686.18 while the 50-EMA sits at $63566.35 and the 200-EMA at $63696.85; RSI at 64.02 remains neutral and MACD shows a golden cross at -3.91, suggesting any near-term pullback would likely find support at the 50-EMA before continuation.