Thahbib Rahman
Research Analyst
Last Updated:
July 30, 2026
•
4 Minutes
Crypto Risk Appetite Report 30th July 2026
This week's edition of our Market Sentiment Report.
BLOCK SCHOLES BTC RISK APPETITE INDEX
Risk-Appetite in BTC continued to move higher during the week after the FOMC committee opted to leave interest rates unchanged. Additionally, after four days of spot ETF outflows, yesterday, the exchange-traded funds purchased a modest $32.1M worth of Bitcoin.
BTC SPOT RETURNS AFTER RISK APPETITE INDEX CROSSES FROM BELOW -0.8 THRESHOLD
BLOCK SCHOLES ETH RISK APPETITE INDEX
ETH has outperformed through the month of July, up more than 20%. That’s in line with the bottoming and subsequent grind higher our ETH Risk Appetite Index.
ETH SPOT RETURNS AFTER RISK APPETITE INDEX CROSSES FROM BELOW -0.8 THRESHOLD
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
BLOCK SCHOLES XRP RISK APPETITE INDEX
BLOCK SCHOLES SUI RISK APPETITE INDEX
BLOCK SCHOLES SOL RISK APPETITE INDEX
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Institutional
Crypto Risk Appetite Report 30th July 2026
This week's edition of our Market Sentiment Report.
Free
PREMIUM
Institutional
"Market participants are learning to play the ball, not the referee”
The Fed held rates in a 9-3 vote, but the market focus was Chair Warsh's press conference, where he rejected the 'pause' framing and played down forward guidance, telling markets to 'play the ball, not the referee'. Long-dated yields surged, with the 30-year jumping 14bps to 5.23%, its highest since 2007, while the S&P 500 fell 1.52% and the Nasdaq-100 entered a technical correction. Robinhood reported $156M of Q2 prediction-market revenue, exceeding its equities revenue, as Binance.US said it will apply for a CFTC derivatives clearing licence in August.
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Traders Are Split 70-30 Ahead of Warsh's Second FOMC Decision
Markets are unusually split ahead of Kevin Warsh's second FOMC meeting as Fed Chair, with traders pricing a 70% chance of a hold and 30% of a rate rise. BTC held between $63K and $64K awaiting the decision while the rotation out of chipmakers pushed the equal-weight S&P 500 to a record high even as the Nasdaq-100 fell 0.98% toward a technical correction. Through July, ETH has sharply outperformed BTC — up around 22% against BTC's 7.2% — supported by a steadier stream of spot ETF inflows ($358.5M) against eight days of BTC ETF outflows. In crypto, Russia's FSB charged Telegram founder Pavel Durov with aiding terrorism, Morgan Stanley launched staked ETH and SOL trusts on NYSE Arca, and Zcash activated its Ironwood privacy upgrade.