From July 6 to July 12, Lookonchain’s on-chain weekly report showed total stablecoin supply increasing by about $121 million, reversing from negative to positive growth. DEX spot volume rose slightly, while perpetual futures trading volume continued to slow. The same report noted that seven companies reduced holdings by 909.3 BTC, while Bitmine added 27,801 ETH and Strategy made no BTC changes.
| Primary source | BlockBeats |
|---|---|
| Reported at | 2026-07-13T15:49:57.000Z |
| Topic | BTC |
| Evidence limit | Reported facts are separated from interpretation; current prices and platform terms require independent verification. |
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The report’s clearest signal is divergence. Stablecoin supply improved and DEX spot activity ticked up, but perpetual futures trading continued to slow. That matters because spot liquidity and leveraged derivatives activity often reflect different kinds of market participation.
For BTC and ETH traders, this is not a clean bullish or bearish setup from the supplied data alone. It is a liquidity improvement paired with weaker leverage activity, so the practical read is conditional rather than directional.
BTC Implications
BTC saw corporate selling pressure in the weekly snapshot: seven companies reduced holdings by a combined 909.3 BTC, valued at about $56.96 million in the brief. Strategy, however, neither added nor reduced BTC during the same week.
That mix limits the strength of any conclusion. The selling figure is specific, but the brief does not say whether it was strategic rebalancing, liquidity management, profit-taking, or another motive. BTC readers should treat it as a flow datapoint, not proof of a larger institutional exit.
ETH Implications
ETH stood out because Bitmine continued to accumulate. The brief says Bitmine added 27,801 ETH, worth about $49.12 million. That is the only ETH-specific corporate flow identified in the supplied material.
The evidence supports saying Bitmine increased ETH exposure during the week. It does not support claims about ETH rankings, future performance, network fundamentals, staking trends, or broad treasury adoption beyond the named action.
Liquidity And Leverage
Stablecoin supply increasing by about $121 million is the most direct liquidity datapoint in the brief. A move from negative to positive growth can matter because stablecoins are commonly used as trading collateral and settlement liquidity across crypto markets.
The caution is that liquidity availability is not the same as buying pressure. Perpetual futures volume kept slowing, which suggests leveraged trading participation did not accelerate alongside the stablecoin supply rebound.
Practical Checks For Traders
A useful BTC or ETH checklist starts with three items from this brief: stablecoin supply direction, spot DEX activity, and perpetual futures activity. If these continue to diverge, traders should be careful about reading one improved metric as a complete market signal.
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Evidence Limits And Risk Disclosure
This article is based only on the supplied BlockBeats summary of Lookonchain’s July 6 to July 12 on-chain weekly report. It does not independently verify wallet movements, exchange volumes, corporate motives, or subsequent market behavior.
Crypto assets and derivatives can move sharply, and perpetual contracts add leverage risk. Nothing here is financial advice, a forecast, or a recommendation to buy, sell, hold, or trade BTC, ETH, stablecoins, or any related product.
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Review BITGETAffiliate link · Availability varies by region · No guaranteed outcomeQuestions readers ask
What happened to stablecoin supply in the reported week?
Stablecoin supply increased by about $121 million from July 6 to July 12, turning from negative growth to positive growth according to the supplied report summary.
Did spot and perpetual futures activity move together?
No. DEX spot trading volume rose slightly, while perpetual futures trading volume continued to slow. That creates a mixed signal between spot activity and leveraged derivatives participation.
What did the report say about corporate BTC holdings?
The brief says seven companies reduced holdings by a combined 909.3 BTC, worth about $56.96 million, while Strategy made no BTC purchase or sale during the week.
What did Bitmine do with ETH?
Bitmine continued increasing ETH holdings, adding 27,801 ETH valued at about $49.12 million according to the supplied brief.
Is this enough to make a BTC or ETH trading decision?
No. The data is useful market context, but it does not establish future price direction, confirm institutional intent, or remove the risks of spot and derivatives trading.