LMAX Digital volumes got off to a strong start this week. Total notional volume for Monday came in at $803 million, 90% above 30-day average volume.

Bitcoin volume printed $557 million on Monday, 108% above 30-day average volume. Ether volume came in at $207 million, 95% above 30-day average volume.

Looking at average position size over the past 30 days, we’re seeing average bitcoin position size at $10,470 and average position size for ether at $3,229.

Volatility has been on the rise over the past several weeks, with both bitcoin and ether volatility tracking to the highest levels since earlier this year. We’re looking at average daily ranges in bitcoin and ether of $1,184 and $77 respectively.

There have been a number of updates within the crypto space as the week gets going, though none have really done much to factor into price action as of yet.

The US Department of Justice is seeking $4 billion in penalties from Binance in exchange for the settlement of its criminal case against the company.

Meanwhile, the SEC has filed a complaint alleging Kraken has been operating as an unregistered national securities exchange, broker, and clearing house. Kraken has since responded it disagrees with the claims and plans to vigorously defend their position.

And in an all cash deal, Digital Currency Group’s (DCG) CoinDesk has been acquired by digital asset exchange Bullish for an undisclosed sum. DCG has since said the blog sale has marked one of its best investments of all time.

According to reports, CoinDesk will operate independently of Bullish, with Matt Murray, former editor-in-chief at the Wall Street Journal brought in to ensure journalistic independence.

Technically speaking, bitcoin has been consolidating recent gains and is looking like it wants to extend higher towards the next measured move extension target at $40k.

An interesting technical study also makes the case for bitcoin to hold up indefinitely above $30k. This study has been proven correct 8 out of 8 times thus far.

The study shows that whenever bitcoin has strong bands of an agreed price, comes out of a bear market, and leads into a halvening event, the price never goes back to retest the band of support.