Total notional volume from last Monday through Friday came in at $2.7 billion, 53% higher than the week earlier.

Breaking it down per coin, bitcoin volume came in at $1.4 billion, 59% higher than the previous week. Ether volume came in at $637 million, 62% higher than the week earlier.

Total notional volume over the past 30 days comes in at $11.2 billion.

Looking at average position size over the past 30 days, we’re seeing average bitcoin position size at $8,842 and average position size for ether at $1,777.

Bitcoin volatility is tracking at yearly lows, while ETH volatility has picked up about 50% over the past week. We’re looking at average daily ranges in bitcoin and ether of $2,661 and $130 respectively.

While Bitcoin’s ascent beyond $100,000 has captured headlines in recent days, we have been spotlighting a more captivating development deserving greater attention.

Our focus has been on the price of ETH, the world’s second-largest cryptocurrency, which endured a punishing Q1, faltering under a cascade of internal and macroeconomic challenges.

To recap, ETH’s value plummeted nearly 60% from its 2025 opening, battered by a post-US election crypto correction, internal discord within the Ethereum Foundation, competition from rival blockchains, and a pervasive risk-off sentiment in traditional markets.

Yet, we maintained that these setbacks were overstated, anticipating a graceful turnaround in Q2. That revival is now elegantly unfolding, signaling robust appetite for crypto assets beyond Bitcoin and a promising outlook for the broader market.

The market is poised to reward ETH as it rises above internal strife, layer-1 rivalries, and Q1’s risk-averse pressures. Last week’s Ethereum Foundation Pectra upgrade, paired with renewed optimism surrounding global trade as the US and China pursue a resolution, should inspire investors to seize ETH at its still-attractive valuation.

ETH has reclaimed 85% of its losses from yearly lows, yet remains 23% below its year-to-date peak, offering ample opportunity for further appreciation.

Moreover, with institutions like BlackRock placing bold bets on real-world asset tokenization and deepening their commitment to Ethereum, this synergy promises to fuel greater adoption and demand for ETH in the weeks and months ahead.