LMAX Digital volumes were healthy to start the week. Total notional volume for Monday came in at $341 million, 28% above 30-day average volume.

Bitcoin volume printed $162 million, 10% above 30-day average volume. Ether volume came in at $101 million, 70% above 30-day average volume.

Looking at average position size over the past 30 days, we’re seeing average bitcoin position size at $8,292 and average position size for ether at $1,480.

Bitcoin and ETH volatility remains relatively subdued. We’re looking at average daily ranges in bitcoin and ether of $2,330 and $121 respectively.

Monday’s recovery in crypto assets is keeping hope alive for a continuation of the bounce from critical November lows, with both bitcoin and ETH still trending higher since their late-2025 troughs.

At the same time, a reclaim above $91,000 in bitcoin and $3,100 in ETH would help take immediate pressure off the downside and reinforce confidence in the emerging uptrend.

Altcoins have broadly participated in the relief move. Short covering in derivatives markets appears to have contributed to price action, helping to ease some of the volatility seen over the weekend.

On-chain metrics have also shown stabilization in exchange flows and funding rates drifting back toward neutral, suggesting calmer interim conditions after a period of elevated stress.

Traditional market cues continue to shape sentiment, with global risk appetite ticking modestly higher on easing FX volatility and a softer dollar backdrop, relieving some of the cross-asset pressure that had weighed on crypto.

Equities have found a renewed bid, while haven demand has faded as U.S. political headlines have been relatively quiet over the past day.

Looking ahead, participants remain focused on incoming U.S. data and central bank commentary as key catalysts.