Total notional volume at LMAX Digital cooled off in the previous week. Total notional volume from last Monday through Friday came in at $1.5 billion, 40% lower than the week earlier.

Breaking it down per coin, Bitcoin volume came in at $875 million in the previous week, 43% lower than the week earlier. Ether volume came in at $408 million, 39% lower than the week earlier.

Total notional volume over the past 30 days comes in at $10.74 billion.

Looking at average position size over the past 30 days, we’re seeing average bitcoin position size at $6,858 and average position size for ether at $2,651.

Volatility trended higher overall in June, but dipped back down into the end of the month. We’re looking at average daily ranges in bitcoin and ether of $905 and $64 respectively.

June was an interesting month for crypto assets, initially under pressure, before recovering impressively into the final weeks. Bitcoin led the way, up 12% on the month, while ETH performance was more modest, up around 3% on the month.

The crypto market took a hard hit early in June on the news of the SEC lawsuits against Binance and Coinbase. But it didn’t take long for market participants to take it all in stride and focus back on the positives.

These positives included a more crypto friendly regulatory framework proposal in the US, along with applications for bitcoin ETFs from many large players in the traditional financial markets.

Bitcoin dominance also crossed back above 50% for the first time in two years. We view this as another bullish development for the space as it reflects a market lightening up on the less stable assets and focusing back on stronger fundamentals around bitcoin.