LMAX Digital volumes were quite healthy on Tuesday. Total notional volume for Tuesday came in at $454 million, 29% above 30-day average volume.

Bitcoin volume printed $250 million on Tuesday, 36% above 30-day average volume. Ether volume came in at $103 million, 17% below 30-day average volume.

Looking at average position size over the past 30 days, we’re seeing average bitcoin position size at $9,436 and average position size for ether at $4,916.

Market volatility is finally showing signs of turning back up after trending lower since March. We’re looking at average daily ranges in bitcoin and ether of $2,438 and $143 respectively.

We continue to see a better bid crypto market, getting a nice added push on the increased odds for a crypto friendly Trump presidency.

Bitcoin ETF inflows have turned back up a good deal in recent sessions as traditional players become more acutely aware of the practical advantages in holding bitcoin and other crypto assets.

The expectation for the ETH ETFs to go live next Tuesday has also been helping to fuel added demand this week.

At the same time, we’re once again seeing a market doing a very good job of taking the Mt. Gox repayments in stride.

The crypto market was also pleased to see BlackRock CEO Larry Fink back on television talking up bitcoin as a legitimate asset.

The one concern we’ve been flagging in recent sessions is our concern about the state of the US equities market and the possibility we could soon see a major bearish reversal to allow for a healthy correction.

But even in such a case, there will be plenty of reason to be wanting to buy bitcoin as a flight to safety asset, and plenty of reason to be wanting to pick up other crypto assets into dips on their potential for massive innovation.

Technically speaking, we’re now looking at the possibility of bitcoin getting ready for its next major upside extension to a fresh record high.