Total notional volume from last Monday through Friday came in at $2.9 billion, 24% higher than the week earlier.

Breaking it down per coin, bitcoin volume came in at $1.4 billion, 22% higher than the previous week. Ether volume came in at $776 million, 23% higher than the week earlier.

Total notional volume over the past 30 days comes in at $13.1 billion.

Looking at average position size over the past 30 days, we’re seeing average bitcoin position size at $11,119 and average position size for ether at $3,098.

Bitcoin volatility is still tracking just off recent yearly lows, while ETH volatility has picked up since bottoming in May. We’re looking at average daily ranges in bitcoin and ether of $2,767 and $136 respectively.

The cryptocurrency market has shown resilience in the face of the escalation in geopolitical tension. Bitcoin has held up well above $100,000 and continues to consolidate below the recent record high.

ETH has also held firm, confined to its own bullish consolidation, supported by robust spot ETF inflows and heightened DeFi activity.

On-chain data shows increased bitcoin inflows to cold wallets, suggesting long-term holder accumulation. Meanwhile, overall market sentiment, as gauged by the Fear & Greed Index, continues to lean toward “Greed,” indicating sustained risk appetite.

Global politics, particularly the Israel-Iran standoff, remain a key driver, yet crypto’s ability to absorb shocks has bolstered bitcoin’s “digital gold” narrative.

U.S. President Trump’s calls for de-escalation have reduced fears of a broader conflict, supporting a risk-on sentiment in crypto markets.

Looking ahead, traders should monitor Middle East developments and U.S. economic data, as these could influence short-term volatility, but the fundamental outlook for bitcoin and ETH remains constructive given their technical and institutional support.