Lookonchain: Stablecoin Supply Drops $855.94M

Lookonchain data shows the total stablecoin market cap decreased by $855.94M during Oct 5–Oct 11 2026 while DEX spot volume fell 19.34% week-over-week and perpetual volume rebounded 8.20%. Protocol revenue rose 4.44% with Base App posting a 519% jump. Public companies recorded a net reduction of 89 BTC worth $7.37M even as #Strategy added 250 BTC for $20.69M and #Bitmine purchased 12,532 ETH for $31.75M.

BTC trades at $82709.83 inside its Bollinger Bands on the 4h chart with the upper resistance at $84059.39 and lower support at $82197.26. The EMA50 at $83559.28 acts as immediate resistance while the EMA200 at $82295.59 provides longer-term support. RSI at 43.06 remains neutral and MACD has printed a golden cross at -10.83. Price testing upper Bollinger resistance while RSI stays mid-range suggests a healthy retracement toward the 50-EMA support before any continuation higher.