Lookonchain’s on-chain weekly report for July 6 to July 12 showed a turn in stablecoin supply, with the total rising by about $121 million over the week and moving back into positive territory. The report also said DEX spot trading volume posted a modest rebound, while perpetual futures trading volume continued to slow.
On the positioning side, seven companies reduced a combined 909.3 BTC last week, worth about $56.96 million. Strategy recorded a second straight week without adding to or reducing its Bitcoin holdings, according to the report’s wording. Bitmine, meanwhile, kept increasing its Ether position, adding 27,801 ETH valued at about $49.12 million.
The update was cited by BlockBeats on July 13 and reflects on-chain activity tracked by Lookonchain for the previous week.
Lookonchain’s on-chain weekly report for July 6 to July 12 showed that total stablecoin supply increased by about $121 million last week, reversing from negative to positive, according to BlockBeats.
The report also said DEX spot trading volume saw a slight rebound. Perpetual futures trading volume, however, continued to slow.
In corporate holdings, seven companies sold a combined 909.3 BTC last week, worth about $56.96 million. Strategy neither added to nor reduced its BTC holdings for another week. Bitmine continued to accumulate ETH, adding 27,801 ETH worth about $49.12 million.
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