Bitcoin fell below $112,000 and Ethereum dropped under $3,400 last week, coinciding with a significant decline in on-chain DEX trading volume. Despite the price drop, institutional investors and whales continued to accumulate both cryptocurrencies. Notably, 16 listed companies purchased a total of 31,478 BTC, valued at $3.61 billion, with MicroStrategy acquiring 21,021 BTC for $2.46 billion. The stablecoin market cap rose by $1.99 billion, with USDT and USDC on Arbitrum increasing by $662 million, while Hyperliquid saw a decrease of $543.2 million. DEX spot trading volume reached $95.303 billion, a 21.59% decrease from the previous week, with Uniswap, PancakeSwap, and Raydium all experiencing declines. DEX perpetuals trading volume also fell by 7.68% to $121.139 billion. Institutional and whale activity in Ethereum remained strong, with 12 new wallets purchasing 225,099 ETH worth $819 million last week. SharpLink acquired 60,694 ETH for $221 million, bringing its total holdings to 498,711 ETH, valued at $1.81 billion.