Oct 5–Oct 11, 2026 LookonchainWeeklyReport 🟢 Overview Stablecoin supply fell by $855.94M last week, DEX spot volume fell and perp volume rebounded, while public companies shed 89 BTC. 🟢 Stablecoin Market The total stablecoin market cap decreased by $855.94M. 🟢 Spot & Perps Tr

1 SOURCE CONFIRMED · FIRST SEEN 2026-10-12 14:57 UTC

KINDNews

DIRECTION▼ Bearish

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STORY SIZESTANDALONE

FIRST SEEN2026-10-12 14:57 UTC

LAST UPDATE2026-10-12 14:57 UTC

STATEactive

01 THE MACHINE READ

WHY IT MATTERS.

Falling stablecoin supply and lower DEX spot volume signal shrinking crypto liquidity and risk appetite, while public companies selling BTC adds supply pressure.

Crypto liquidity contracting as stablecoins and spot volumes fall

CATALYST TO WATCH

Next weekly stablecoin and DEX volume prints

MAIN RISK

Perp rebound could mask underlying spot weakness

FULL DISPATCH

Oct 5–Oct 11, 2026 #LookonchainWeeklyReport 🟢 Overview Stablecoin supply fell by $855.94M last week, DEX spot volume fell and perp volume rebounded, while public companies shed 89 BTC. 🟢 Stablecoin Market The total stablecoin market cap decreased by $855.94M. 🟢 Spot & Perps Trading Volume on DEXs DEX spot volume fell 19.34% and perp volume rebounded 8.20% WoW. 🟢 Protocol Revenue Protocol revenue edged up 4.44% WoW, while Base App led weekly revenue growth with a 519% increase. 🟢 Last week, 1 company added and 3 companies reduced $BTC holdings, a net -89 $BTC($7.37M). 🟢 Institutional/Whale Activity #Strategy bought 250 $BTC($20.69M), and #Bitmine bought 12,532 $ETH($31.75M) last week.

02 THE STORY SO FAR