LMAX Digital volumes were impressive on Tuesday. Total notional volume for Tuesday came in at $512 million, 78% above 30-day average volume.

Bitcoin volume printed $363 million on Tuesday, 106% above 30-day average volume. Ether volume came in at $69 million, 10% above 30-day average volume.

Looking at average position size over the past 30 days, we’re seeing average bitcoin position size at $8,204 and average position size for ether at $2,933.

Market volatility is showing signs of wanting to bottom out after trending lower since March. We’re looking at average daily ranges in bitcoin and ether of $2,054 and $102 respectively.

Bitcoin performance has been impressive in recent sessions. But if it wants to have any shot at matching average October returns since 2013, it still has its work cut out for it.

Average returns for October since 2013 have exceeded 20%. At the time of this update, bitcoin is up just over 12% on the month.

So if bitcoin is going to match those average returns, it will need to see a fresh record high and look to close out the month somewhere around $78k.

While a push to $78k in less than 2 days might seem improbable, if there is any asset that can do it, it would be bitcoin. And a push to a fresh record high beyond $74k would be a formidable catalyst for that next surge in momentum.

ETF inflows have been stellar of late and we just saw the third highest daily inflows into the bitcoin ETFs since inception earlier this year.

ETH has also been benefiting from all of the positive flow. ETH is up 1.4% month-to-date. If we look at ETH performance in October from 2015 to present, the crypto asset has averaged returns of about 7.5%.

If ETH wants to make its own move towards matching those average monthly returns, it will need to look to close out the month of October around $2,830.

Interestingly enough, $2,830 coincides with critical range resistance in the form of the August 24 high, which if exceeded, could open the door for what many believe should be a long overdue breakout in the price of ETH.

So there is plenty of incentive for ETH as well to be wanting to match its own average October returns in the final push before the month closes out.