Stablecoin liquidity experienced a significant decline of $687 million from May 18 to May 24, 2026, according to the latest Lookonchain Weekly Report. During the same period, trading volumes for both spot and perpetual contracts on decentralized exchanges (DEXs) also saw a downturn. Despite the overall market contraction, four public companies collectively increased their Bitcoin holdings by 612 BTC, equivalent to $47.5 million. Notably, Michael Saylor's Strategy and Tom Lee's Bitmine did not participate in Bitcoin or Ethereum acquisitions during this timeframe.