Total notional volume from last Monday through Friday came in at $3.1 billion, 28% lower than the week earlier.

Breaking it down per coin, bitcoin volume came in at $1.5 billion, 25% lower than the previous week. Ether volume came in at $868 million, 15% lower than the week earlier.

Total notional volume over the past 30 days comes in at $18.3 billion.

Looking at average position size over the past 30 days, we’re seeing average bitcoin position size at $12,810 and average position size for ether at $2,975.

Bitcoin volatility continues to track just off yearly low levels. ETH volatility has been trending up since bottoming in May.

We’re looking at average daily ranges in bitcoin and ether of $2,676 and $170 respectively.

Crypto markets are starting the week on a firmer footing, with Bitcoin and Ethereum both better bid following Friday’s weaker U.S. jobs report, which triggered a meaningful repricing of Fed policy expectations.

The sharp drop in Treasury yields and a weaker dollar have provided a constructive backdrop for digital assets, as markets now assign close to 90% odds of a September rate cut.

Risk sentiment has broadly improved, and crypto is benefiting from this shift, with Bitcoin holding above well above $110k and Ethereum seeing renewed interest on this same flow and amid structural ETF tailwinds.

Ethereum continues to outperform on the back of ETF-related optimism. This includes a recent pivotal SEC rule change that brings crypto ETFs closer to mainstream status.

The Commission approved the use of in-kind creation and redemption mechanisms — a key step in aligning crypto ETPs with traditional commodity ETFs.

These changes mark a significant evolution in the ETF infrastructure, with long-term implications for liquidity, institutional access, and overall product competitiveness.

Political risks, meanwhile, remain on the radar after reports that former President Trump ordered nuclear submarines near Russia and dismissed the head of the Bureau of Labor Statistics, adding a layer of geopolitical uncertainty to an already delicate market environment.