Thahbib Rahman
Research Analyst
Last Updated:
February 19, 2026
•
5 Minutes
Crypto Risk Appetite Report 19th February 2026
This week's edition of our Market Sentiment Report.
Risk Appetite Index
BLOCK SCHOLES BTC RISK APPETITE INDEX – Despite spot price now consolidating below $70K, risk-appetite continues to fall; slowly approaching the December 2025 bottom. The sideways spot price is most clear in the returns chart below where BTC returns has lingered around the -30% mark since crossing the -0.5 risk-appetite threshold.
BLOCK SCHOLES ETH RISK APPETITE INDEX – ETH exhibits very similar spot behaviour to BTC currently – sideways consolidation around the $2,000 support zone, while risk-appetite continues to slowly drop further.
BLOCK SCHOLES ALTCOIN RISK APPETITE INDEX
BLOCK SCHOLES XRP RISK APPETITE INDEX
BLOCK SCHOLES SUI RISK APPETITE INDEX
BLOCK SCHOLES SOL RISK APPETITE INDEX
Free
PREMIUM
Institutional
DeFi Analytics 2nd October 2026
This week's edition of our Crypto DeFi Analytics.
Free
PREMIUM
Institutional
The SEC Proposed Letting Investment Advisers Use State Trust Companies as Crypto Custodians
The SEC has proposed a new crypto custody framework that would let investment advisers and regulated funds use state trust companies as crypto custodians and, in limited cases, self-custody digital assets. US equities posted their first green day of the week as the 10-year Treasury yield eased to around 5.23% from a 5.34% high after Fed Vice Chair Jefferson said policymakers may need more time, cutting the odds of an October hike to 26% from 71% at the start of the week. BTC rallied to almost $87K, while Evernorth shareholders approved its merger ahead of a planned Nasdaq listing on Oct. 8.
Free
PREMIUM
Institutional
Softer August PCE Inflation Cut the Odds of an October Fed Hike to 37% From 70% on Monday
US inflation rose less than expected in August, with the PCE Price Index up 0.3% on the month and 3.4% over the year against expectations of 0.4% and 3.7%, partly reflecting changes to the BEA's methodology. Fed funds futures now price a 37% probability of an October rate move, down from 70% on Monday, while the BEA revised Q2 GDP growth up to a 2.2% annualised rate from 1.5%, sending long-end Treasury yields higher. The S&P 500 ended 0.25% lower to close out its worst month since June 2026, while BTC briefly jumped past $85K before falling back to $83K.