Thahbib Rahman
Research Analyst
Last Updated:
May 21, 2026
•
4 Minutes
Crypto Risk Appetite Report 21st May 2026
This week's edition of our Market Sentiment Report.
BLOCK SCHOLES BTC RISK APPETITE INDEX: Risk appetite in BTC has slowed down as spot price struggles to breakout past $78K. The past week has seen a de-risking across both crypto spot prices and US equities amidst a global bond market selloff and fears that higher inflation could force central banks towards rate hikes.
BTC SPOT RETURNS AFTER RISK APPETITE INDEX CROSSES FROM BELOW -0.5 THRESHOLD:
BLOCK SCHOLES ETH RISK APPETITE INDEX: With ETH spot price meeting significant resistance at $2,150, Risk Appetite has continued to fall from its recent highs. ETH has also given up all of its gains since our Risk Appetite Index initially crossed the -0.5 threshold from below.
ETH SPOT RETURNS AFTER RISK APPETITE INDEX CROSSES FROM BELOW -0.5 THRESHOLD:
BLOCK SCHOLES ALTCOIN RISK APPETITE INDEX
BLOCK SCHOLES XRP RISK APPETITE INDEX
BLOCK SCHOLES SUI RISK APPETITE INDEX
BLOCK SCHOLES SOL RISK APPETITE INDEX
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DeFi Analytics 22nd May 2026
This week's edition of our Crypto DeFi Analytics.
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Binance Debuts Pre-IPO Perps with SpaceX Exposure
BTC remains under pressure, having fallen to $76K before once again failing to hold above $78K. Spot Bitcoin ETFs extended their outflow streak to a fifth consecutive day, with ETF holders selling more than $100M of BTC yesterday, adding to the pressure on price action. Since late January, BTC has continued to trade below the average ETF cost basis, now around $83K, leaving ETF flows and holder profitability as key constraints on any sustained recovery.
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Crypto Risk Appetite Report 21st May 2026
This week's edition of our Market Sentiment Report.