Total notional volume from last Monday to Friday came in at $1.8 billion, down 6% from the prior week.

Breaking it down per coin, bitcoin volume came in at $938 million, 10% lower than the previous week. Ether volume came in at $528 million, 13% higher than the week earlier.

Total notional volume over the past 30 days comes in at $8.5 billion.

Looking at average position size over the past 30 days, we’re seeing average bitcoin position size at $6,218 and average position size for ether at $2,464.

Volatility has been trending back down in recent sessions. We’re looking at average daily ranges in bitcoin and ether of $2,988 and $119 respectively.

Bitcoin has extended its recent momentum over the past several hours, while ETH has outperformed. This broad rally has lifted the total crypto market cap back to $2.5 trillion levels, with strong participation from major altcoins adding to the upside.

The move reflects recovering confidence after earlier volatility, supported by technical momentum and renewed buying interest. Persistent institutional demand through spot bitcoin ETFs continues to act as a key structural driver, with recent net inflows totaling hundreds of millions over consecutive days providing steady accumulation.

This flow dynamic, combined with reduced exchange supply from long-term holders, has created a supply squeeze that is amplifying price resilience. Leveraged positioning in futures has added volatility but also fueled the breakout as shorts are pressured.

An improvement in broader risk sentiment has clearly supported the crypto advance as well, as positive U.S. economic indicators and easing concerns in some macro areas encourage allocation to higher-beta assets.

Declines in traditional safe havens like gold, alongside diplomatic progress on select geopolitical fronts, have helped redirect capital flows. Still, lingering uncertainties in energy markets and global tensions remain potential volatility sources that could influence near-term policy expectations.

Regulatory developments continue to play a supportive role, with ongoing progress toward clearer frameworks enhancing crypto’s integration into traditional finance. Optimism around potential legislation and agency coordination is bridging the gap to mainstream adoption, further bolstering sentiment.

These factors, alongside a maturing market narrative positioning bitcoin as an alternative asset amid macro shifts, have reinforced the current uptrend. Looking forward, sustained ETF inflows and breakout confirmation could target higher levels for bitcoin through $80,000.

ETH’s relative strength suggests potential rotation dynamics, possibly tied to network developments and valuation appeal towards crypto beyond bitcoin. Interestingly, ETH has taken out important multiweek range resistance against bitcoin, potentially marking a significant bottom for ETHBTC.