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Last Updated:

July 9, 2026

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7 Minutes

Crypto Risk Appetite Report 9th July 2026

This week's edition of our Market Sentiment Report.

BLOCK SCHOLES BTC RISK APPETITE INDEX

Our in-house Risk-Appetite Index for BTC is showing signs of having reached a bottom in early July around -1.3 and is slowly approaching the -1 level. Historically, bounces off such lows have preceded more bullish momentum in spot price. See that in the second chart below which plots historical spot price performance when the Index crosses through -1 from below.

BTC SPOT RETURNS AFTER RISK APPETITE INDEX CROSSES FROM BELOW -1 THRESHOLD

BLOCK SCHOLES ETH RISK APPETITE INDEX

Similar to BTC, the ETH Risk Appetite Index has bounced off its lows close to -1.5 and has slowly recovered since the beginning of the month. Sentiment in ETH has also been supported by five consecutive days of inflows into spot Ethereum exchange-traded funds, following nearly two-months of outflows. Similar to BTC, historical crossings of our index through -1 from below have preceded more bullish momentum in spot price.

ETH SPOT RETURNS AFTER RISK APPETITE INDEX CROSSES FROM BELOW -1 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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Thahbib Rahman

Research Analyst

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BLOCK SCHOLES BTC RISK APPETITE INDEX

Our in-house Risk-Appetite Index for BTC is showing signs of having reached a bottom in early July around -1.3 and is slowly approaching the -1 level. Historically, bounces off such lows have preceded more bullish momentum in spot price. See that in the second chart below which plots historical spot price performance when the Index crosses through -1 from below.

BTC SPOT RETURNS AFTER RISK APPETITE INDEX CROSSES FROM BELOW -1 THRESHOLD

BLOCK SCHOLES ETH RISK APPETITE INDEX

Similar to BTC, the ETH Risk Appetite Index has bounced off its lows close to -1.5 and has slowly recovered since the beginning of the month. Sentiment in ETH has also been supported by five consecutive days of inflows into spot Ethereum exchange-traded funds, following nearly two-months of outflows. Similar to BTC, historical crossings of our index through -1 from below have preceded more bullish momentum in spot price.

ETH SPOT RETURNS AFTER RISK APPETITE INDEX CROSSES FROM BELOW -1 THRESHOLD

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BLOCK SCHOLES BTC RISK APPETITE INDEX

Our in-house Risk-Appetite Index for BTC is showing signs of having reached a bottom in early July around -1.3 and is slowly approaching the -1 level. Historically, bounces off such lows have preceded more bullish momentum in spot price. See that in the second chart below which plots historical spot price performance when the Index crosses through -1 from below.

BTC SPOT RETURNS AFTER RISK APPETITE INDEX CROSSES FROM BELOW -1 THRESHOLD

BLOCK SCHOLES ETH RISK APPETITE INDEX

Similar to BTC, the ETH Risk Appetite Index has bounced off its lows close to -1.5 and has slowly recovered since the beginning of the month. Sentiment in ETH has also been supported by five consecutive days of inflows into spot Ethereum exchange-traded funds, following nearly two-months of outflows. Similar to BTC, historical crossings of our index through -1 from below have preceded more bullish momentum in spot price.

ETH SPOT RETURNS AFTER RISK APPETITE INDEX CROSSES FROM BELOW -1 THRESHOLD

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