Lookonchain Shows $2.69B stablecoin Inflows, BTC and ETH Buying Surges

• Lookonchain’s report shows that stablecoin supply rose by $2.69B, while DEX volumes cooled sharply.
• Nine firms added 21,467 BTC as Strategy bought 22,337 BTC; Bitmine acquired 60,999 ETH.
• Extreme fear persists as institutions accumulate, supporting the market structure.

Lookonchain published its March 9–15, 2026, weekly report showing a $2.69 billion increase in total stablecoin supply despite cooled DEX trading volumes. Institutions continued their aggressive accumulation, with Strategy buying 22,337 BTC for $1.57B and Bitmine acquiring 60,999 ETH for $140.3 million.

Institutional BTC and ETH Accumulation Surges amid Stablecoin Surge

Lookonchain’s weekly report shows stablecoin supply rose by $2.69B, led by Ethereum’s $1.57B gain, signaling continued capital inflows, even as DEX activity cooled, with perpetual trading volume at $155.75B, down 6.01% week-over-week (WoW). 

Notably, nine public companies collectively boosted their Bitcoin positions by 21,467.34 BTC, worth over $1.58 billion. Strategy spearheaded the activity by buying another 22,337 BTC, valued at about $1.57 billion, acquired at an average price of $70,194, demonstrating sustained corporate treasury expansion.

In parallel, Bitmine executed a substantial ETH purchase of 60,999 ETH, valued at $140.3 million, reinforcing institutional demand for the asset amid broader market dynamics, as captured in the report’s institutional/whale section.

What’s The Impact on The Crypto Market? 

The ongoing accumulation by institutions signals strong long-term confidence in crypto assets, particularly BTC and ETH. This is because large-scale purchases may tighten supply and push prices up if demand continues from retail and institutional buyers.

According to CoinCodex, Bitcoin trades at $74,157, with a 1-month forecast of $80,545 and a 1-year projection of $90,075, reflecting potential upside of 6% and 18.5%, respectively. 

Ethereum trades at $2,314, with a 1-month prediction of $2,560 and a 1-year outlook of $2,933, signaling gains of 10.8% in the short term and 26.9% over the year.

Market psychology shows extreme fear persisting, with the Fear and Greed Index ranging between 18 and 23. Despite this, institutional accumulation establishes a strong bid floor, countering cautious retail sentiment and supporting confidence in structural market trends throughout 2026.

Historically, phases of capital inflow that decouple from DEX volume spikes precede momentum inflection points. Stablecoin deployment could intensify upward pressure in Q2 2026 if on-chain metrics shift toward utilization as conditions improve.

Therefore, with liquidity quietly building on the sidelines and coins increasingly held in corporate treasuries and whale wallets, the stage appears set for accelerated upside once catalysts emerge or sentiment shifts.

Related: Ethereum Price Prediction: Bitmine Stakes $4B as Tom Lee Forecasts Recovery