Total notional volume from last Monday through Friday came in at $3.3 billion, 6% higher than the week earlier.

Breaking it down per coin, bitcoin volume came in at $1.6 billion, 17% higher than the previous week. Ether volume came in at $809 million, 20% higher than the week earlier.

Total notional volume over the past 30 days comes in at $12.8 billion.

Looking at average position size over the past 30 days, we’re seeing average bitcoin position size at $9,899 and average position size for ether at $2,620.

Bitcoin volatility is still tracking just off recent yearly lows, while ETH volatility has picked up since bottoming earlier this month. We’re looking at average daily ranges in bitcoin and ether of $2,690 and $144 respectively.

The cryptocurrency market is stabilizing after weekend declines, but Monday’s price movements should be viewed cautiously due to reduced liquidity from U.S. and UK market closures for Memorial Day and Spring Bank Holiday.

Overall, despite global macro pressures from Trump’s proposed 50% tariffs on European goods (delayed to July 9), a 25% levy on foreign smartphones, rising U.S. Treasury yields, and U.S. fiscal deficit concerns, the crypto market remains resilient, buoyed by strong institutional support and positive regulatory developments.

Investors are eyeing this week’s U.S. economic data, particularly Friday’s Core PCE, which could influence Federal Reserve rate cut expectations and crypto market sentiment, while positive sentiment from de-escalating U.S.-China trade tensions adds cautious optimism.

From a technical perspective, today’s chart update highlights the importance of monitoring the ETHBTC ratio, as signs of a potential bottom this month could signal growing market interest in cryptocurrencies beyond bitcoin, boosting broader market optimism.