THE LIQTIDE SCORE: 31/100 — DRY SEASON — 01 JUL 2026
31/100DRY SEASON (▼ was 34) · TREND PEAKING
The US Treasury injected $65.9B into the system this week.
THE BOARD
| US NET LIQUIDITY | $5.83T | -$30.6B 4w |
| FED BALANCE SHEET | $6.74T | +$31.3B 4w |
| TREASURY WAR CHEST (TGA) | $877.0B | +$20.1B 4w |
| ON-RRP BUFFER | $26.9B | |
| STABLECOIN FLEET | $312.0B | -$3.0B 7d |
| BITCOIN | $58,558 | dominance 55.3% |
| SPOT ETF DESKS (5d NET) | -$1.8B |
SIGNALS
- RED · NETLIQ-DRAIN — US net liquidity 4-week change NEGATIVE (-$30.6B). Risk backdrop tightening.
- RED · STABLE-BURN — Stablecoin fleet shrank $3.0B in 7 days. Dry powder leaving the theater.
- AMBER · ETF-OUTFLOW — Spot BTC ETFs bled $1.8B over 5 sessions.
THE READ
Dry season: more money is leaving the financial system than entering it. Risk assets are fighting the current until the flow turns. Trend: peaking.
THE LIQTIDE SCORE™ IS A PROPRIETARY 0–100 COMPOSITE OF GLOBAL LIQUIDITY FLOWS (OPEN METHODOLOGY). DATA: FRED / US TREASURY / NY FED / DEFILLAMA / COINGECKO / STOOQ / FARSIDE. QUOTE FREELY — ATTRIBUTION: LIQTIDE.COM. ANALYTICAL VISUALIZATION OF PUBLIC DATA — NOT INVESTMENT ADVICE.