The latest Lookonchain Weekly Report highlights a slowdown in crypto trading activity from April 27 to May 3, 2026. Stablecoin inflows remained weak, increasing by only $173 million, while decentralized exchange (DEX) spot trading volumes fell by approximately 20%. Perpetual futures trading also saw a decline, indicating a broader cooling in market activity.
Despite the reduced trading volumes, institutional investors continued to accumulate cryptocurrencies. Seven companies collectively increased their Bitcoin holdings by 620 BTC, valued at approximately $49.45 million. Notably, Bitmine, associated with Tom Lee, purchased an additional 101,745 ETH worth $238 million, while Michael Saylor's Strategy did not acquire any Bitcoin during this period.
Crypto Trading Activity Cools as Institutions Continue Accumulation
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