Lookonchain: Stablecoin Supply Falls $1.65B

Lookonchain data for Oct 12–Oct 18 2026 shows total stablecoin supply contracted $1.65B while four public companies added 7721 BTC worth $634.84M.

DEX spot volume rose 5.83% week-over-week and perpetuals volume gained 4.36%. Protocol revenue slipped 1.09% overall, though Bordrless posted a 6084% revenue surge. Strategy purchased 267 BTC for $21.95M and Bitmine acquired 12535 ETH for $30.19M.

Bitcoin trades at $81951.91 inside its 4-hour Bollinger Bands with the upper band at $82653.19 acting as immediate resistance and the lower band at $80870.04 providing short-term support. The EMA50 at $82296.8 and EMA200 at $82070.96 both sit above price, confirming the bearish trend structure, while MACD registers a bullish golden cross at -28.11 and RSI at 49.37 remains neutral. Price testing upper Bollinger resistance while the 50-EMA and 200-EMA cap upside suggests a healthy retracement toward the $82296.8 level before any sustained continuation higher.