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Last Updated:  
February 5, 2026
5 Minutes

Crypto Risk Appetite Report 5th February 2026

This week's edition of our Market Sentiment Report.

Risk Appetite Index

BLOCK SCHOLES BTC RISK APPETITE INDEX – With spot price returning back to the 2021 ATH level, risk-appetite has hit a stumbling block. BTC is currently following the price trajectory of 2022/23 when a crossing of the Risk Appetite indicator from below -0.5 failed to materialise into a rally in spot price.

BLOCK SCHOLES ETH RISK APPETITE INDEX – Our risk appetite index for ETH is also declining as spot price trades 60% below its ATH. It is also the worst spot performance so far compared to all previous crossings of the -0.5 threshold from below.

BLOCK SCHOLES SUI RISK APPETITE INDEX

BLOCK SCHOLES XRP RISK APPETITE INDEX 

BLOCK SCHOLES SOL RISK APPETITE INDEX

BLOCK SCHOLES ALTCOIN RISK APPETITE INDEX

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Risk Appetite Index

BLOCK SCHOLES BTC RISK APPETITE INDEX – With spot price returning back to the 2021 ATH level, risk-appetite has hit a stumbling block. BTC is currently following the price trajectory of 2022/23 when a crossing of the Risk Appetite indicator from below -0.5 failed to materialise into a rally in spot price.

BLOCK SCHOLES ETH RISK APPETITE INDEX – Our risk appetite index for ETH is also declining as spot price trades 60% below its ATH. It is also the worst spot performance so far compared to all previous crossings of the -0.5 threshold from below.

Risk Appetite Index

BLOCK SCHOLES BTC RISK APPETITE INDEX – With spot price returning back to the 2021 ATH level, risk-appetite has hit a stumbling block. BTC is currently following the price trajectory of 2022/23 when a crossing of the Risk Appetite indicator from below -0.5 failed to materialise into a rally in spot price.

BLOCK SCHOLES ETH RISK APPETITE INDEX – Our risk appetite index for ETH is also declining as spot price trades 60% below its ATH. It is also the worst spot performance so far compared to all previous crossings of the -0.5 threshold from below.