The latest Lookonchain weekly report for February 2 to February 8, 2026, highlights significant developments in the cryptocurrency market, providing crucial insights for traders navigating BTC and ETH price movements. As an expert in crypto trading analysis, I'll dive into these trends, focusing on stablecoin growth, DEX trading volumes, institutional activities, and their implications for trading strategies. This report underscores a bullish undercurrent in stablecoins and whale accumulations, even amid some corporate BTC sell-offs, offering traders opportunities to capitalize on volatility-driven volumes.

Stablecoin Market Expansion and Its Trading Implications

According to the Lookonchain report dated February 9, 2026, the total stablecoin market cap surged by $2.08 billion during the week, primarily driven by robust inflows into Tron and Solana ecosystems. This growth signals increasing liquidity entering the crypto space, which is a positive indicator for overall market sentiment. For traders, this stablecoin influx often correlates with heightened buying pressure on major assets like BTC and ETH. Historically, such expansions precede rallies, as they provide the dry powder for spot purchases and leveraged positions. Without real-time data, we can reference the report's context: Tron's low-fee structure and Solana's high-speed transactions likely attracted these funds, boosting on-chain activity. Traders should monitor stablecoin pairs such as USDT/TRX or USDC/SOL for potential breakout opportunities, especially if volumes continue to climb. This $2.08 billion rise, timestamped to the week ending February 8, 2026, suggests resistance levels for BTC around $80,000 could be tested soon, with support holding firm above $75,000 based on recent whale buys.

DEX Volumes Surge Amid Volatility

The report also notes a sharp increase in DEX spot and perpetual trading volumes, attributed to elevated market volatility. This uptick is a boon for day traders and scalpers, as higher volumes typically lead to tighter spreads and more efficient price discovery. On platforms like those on Solana or Ethereum, perp volumes climbing indicate speculative interest in leveraged trades, potentially amplifying moves in ETH and BTC. For instance, if volatility persists, traders might look at ETH perpetual futures with funding rates turning positive, signaling long bias. Integrating this with the stablecoin growth, it paints a picture of a market ripe for momentum plays. Protocol revenues were mixed, but the overall volume surge as of February 8, 2026, points to active participation, with on-chain metrics showing increased transaction counts. Savvy traders could use this data to identify entry points, such as buying dips in BTC/USDT pairs when volumes spike above average daily levels.

Institutional and Whale Movements Shaping BTC and ETH Markets

A key highlight from the Lookonchain analysis is the institutional and whale activity, which directly impacts trading dynamics. Tom Lee's Bitmine acquired an additional 40,613 ETH valued at $82.85 million, while Michael Saylor's Strategy purchased 1,142 BTC for $90 million at an average price of $78,815 during the week. These buys, timestamped to February 2-8, 2026, demonstrate strong conviction from major players, potentially setting support floors for ETH around $2,000 and BTC near $78,000. Conversely, nine public companies reduced their holdings by 2,713.5 BTC, equating to a $188.25 million outflow, which might introduce short-term selling pressure. However, this is counterbalanced by positive moves like the Binance SAFU Fund acquiring 10,455 BTC for $734 million, reinforcing long-term accumulation trends. Additionally, TrendResearch sold 651,757 ETH for $1.34 billion at an average price of $2,055, which could signal profit-taking but also frees up capital for reallocation. Arthur Hayes' shift from DeFi tokens to HYPE adds a layer of narrative-driven trading, where niche tokens might see volume spikes. For traders, these whale activities suggest monitoring on-chain wallets for further buys; for example, ETH's trading volume on major exchanges could correlate with these inflows, offering scalping opportunities in ETH/BTC pairs. Broader market implications include potential correlations with stock markets, where crypto's institutional flows mirror ETF inflows, creating cross-asset trading strategies.

In summary, this week's report reveals a resilient crypto market with stablecoin-led liquidity boosting DEX volumes and selective whale accumulations offsetting corporate sell-offs. Traders should focus on key levels: BTC support at $78,000 with resistance at $80,000, and ETH around $2,000-$2,055. Without current market data, these insights from February 2026 emphasize the importance of volatility trading, with potential for upward momentum if inflows continue. Always use stop-losses in volatile perps, and watch for on-chain signals to validate entries. This analysis positions traders to exploit these trends for profitable outcomes.