LMAX Digital volumes were just a little softer to start the week. Total notional volume for Monday came in at $434 million, 3% below 30-day average volume.

Bitcoin volume printed $212 million, 9% below 30-day average volume. Ether volume came in at $89 million, 20% above 30-day average volume.

Looking at average position size over the past 30 days, we’re seeing average bitcoin position size at $8,112 and average position size for ether at $2,299.

Volatility has calmed down in recent days. We’re looking at average daily ranges in bitcoin and ether of $3,826 and $129 respectively.

Bitcoin and crypto assets overall continue to show signs of holding up well despite headwinds in traditional markets.

Institutional accumulation continues to be a major highlight for bitcoin. Both Strategy and Metaplanet have been back in the news making headlines for once again adding to their respective bitcoin holdings.

These purchases signal an unwavering confidence in bitcoin’s long-term value proposition and reinforce bitcoin’s narrative as a strategic asset for forward-looking balance sheets.

Global macro factors have also played a significant role in shaping market dynamics amidst ongoing US-China trade tensions and tariff uncertainties. The US Dollar’s softening, driven by mixed signals on US trade policy exemptions, has indirectly supported the appeal for bitcoin as a non-correlated asset.

Meanwhile, JP Morgan’s continued exploration of blockchain-based payment solutions underscores the growing integration of distributed ledger technology into traditional finance. This advancement highlights the broader crypto ecosystem’s maturation, lending credibility to the asset class and fostering an environment conducive to sustained institutional interest.

Such initiatives, alongside steady inflows into bitcoin ETFs, indicate large players are increasingly viewing cryptocurrencies as a permanent fixture in diversified portfolios, even as short-term price movements remain sensitive to headline risks.