Decentralized exchange (DEX) trading volumes for spot and perpetual contracts fell sharply by 40% to 55% from February 9 to February 15, 2026, indicating a significant slowdown in market activity. Despite this, public companies continued to accumulate Bitcoin, adding 1,000.91 BTC, valued at approximately $67.37 million, to their holdings last week.
Meanwhile, major cryptocurrency whales have increased their activity, depositing substantial amounts of Bitcoin and Ethereum to Binance. Notably, Garrett Jin transferred 5,000 BTC, worth $348.82 million, and 261,024 ETH, valued at $543 million, to the exchange. Another whale, identified as 3NVeXm, deposited 12,705 BTC, equivalent to $863 million, suggesting a potential rise in sell-side pressure. Additionally, the total stablecoin market cap saw a modest increase of $123 million during the same period.
DEX Trading Volumes Plummet as Whales Increase Binance Deposits
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