Crypto Risk Appetite Report 10th September 2026

BLOCK SCHOLES BTC RISK APPETITE INDEX:

BTC has spent most of the past week consolidating below $80K, while our Risk-Appetite Index continues to slowly move higher. The main event for markets will be tomorrow’s CPI print which could be the deciding factor between another pause from the Fed, or a potential interest rate hike.

Figure 1. Block Scholes BTC Risk-Appetite Index (white, left axis) against the BTC spot price (right axis). Source: Block Scholes.

BTC SPOT RETURNS AFTER RISK APPETITE INDEX CROSSES FROM BELOW -1.0 THRESHOLD:

Figure 2. BTC spot returns in the days around each time the BTC Risk-Appetite Index crossed up through -1.0, with the current episode in white and the mean of prior episodes in red. Source: Block Scholes.

BLOCK SCHOLES ETH RISK APPETITE INDEX:

After a major August rally, ETH has hit resistance at the $2,500 mark and has struggled to break above. Like BTC, sentiment is continuing to increase slowly, but is approaching 1.3, a region it has typically struggled to rise above.

Figure 3. Block Scholes ETH Risk-Appetite Index (white, left axis) against the ETH spot price (right axis). Source: Block Scholes.

ETH SPOT RETURNS AFTER RISK APPETITE INDEX CROSSES FROM BELOW -1.0 THRESHOLD:

Figure 4. ETH spot returns in the days around each time the ETH Risk-Appetite Index crossed up through -1.0, with the current episode in white and the mean of prior episodes in red. Source: Block Scholes.

Data behind Risk Appetite charts: BlockScholes BTC/ETH/ SOL/ SUI/ XRP composite spot index price. Available via the BlockScholes REST API.

BLOCK SCHOLES ALTCOIN RISK APPETITE INDEX

Figure 5. Block Scholes Altcoin Risk-Appetite Index (white, left axis) against altcoin market capitalisation (right axis). Source: Block Scholes.

BLOCK SCHOLES XRP RISK APPETITE INDEX

Figure 6. Block Scholes XRP Risk-Appetite Index (white, left axis) against the XRP spot price (right axis). Source: Block Scholes.

BLOCK SCHOLES SUI RISK APPETITE INDEX

Figure 7. Block Scholes SUI Risk-Appetite Index (white, left axis) against the SUI spot price (right axis). Source: Block Scholes.

BLOCK SCHOLES SOL RISK APPETITE INDEX

Figure 8. Block Scholes SOL Risk-Appetite Index (white, left axis) against the SOL spot price (right axis). Source: Block Scholes.

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