Total notional volume from last Monday through Friday came in at $3.86 billion, 1.4% higher than the previous week.

Breaking it down per coin, bitcoin volume came in at $2.1 billion, 5% lower than the previous week. Ether volume came in at $911 million, 20% higher than the week earlier.

Total notional volume over the past 30 days comes in at $20.5 billion.

Looking at average position size over the past 30 days, we’re seeing average bitcoin position size at $11,919 and average position size for ether at $3,408.

Bitcoin and ETH volatility have been in cool down mode following an October surge. We’re looking at average daily ranges in bitcoin and ether of $3,513 and $196 respectively.

October proved to be a mild disappointment for those leaning on historical seasonality and trend analysis.

Traditionally one of Bitcoin’s stronger months, October finally broke its six-year streak of positive performance, ending roughly 3.7% lower. Yet, this modest decline should be viewed in perspective rather than alarm.

A 3.7% monthly pullback is hardly dramatic for an asset class accustomed to double-digit swings. Moreover, it comes on the heels of an atypically strong September — a month that is historically weak but delivered gains of over 5% this year.

In that context, October’s softness appears less a reversal and more a pause within a broader constructive trend.

Technically, the market remains firmly underpinned. The 50-week moving average ($103k) continues to act as robust support, sustaining the strong uptrend that has been in place since 2023.

Price action in recent months is best described as bullish consolidation — a period of digestion before the next leg higher toward new record highs.

From a fundamental standpoint, crypto’s backdrop in 2025 remains exceptionally strong. Ethereum has finally enjoyed its own breakout year, surpassing its 2021 high and setting the stage for a potentially significant advance in the months ahead.

With momentum broadening across the asset class, we continue to expect fresh all-time highs into year-end — envisioning Bitcoin toward $150,000 and Ethereum near $10,000 as plausible upside targets.

Seasonality also lends support to this view. Historically, the fourth quarter has been Bitcoin’s best-performing period, typically followed by a robust first quarter — especially for Ethereum, which often lags before accelerating in Q1.

All told, October’s modest setback should not discourage investors. The larger structure remains decisively bullish, positioning the market for what could be an exciting run into year-end and potentially well into 2026.