THE LIQTIDE SCORE: 54/100 — NO CLEAR FLOW — 15 SEP 2026
54/100NO CLEAR FLOW (▼ was 55) · TREND TURNING UP
The US Treasury injected $66.7B into the system this week.
THE BOARD
| US NET LIQUIDITY | $5.90T | +$96.7B 4w |
| FED BALANCE SHEET | $6.74T | -$19.3B 4w |
| TREASURY WAR CHEST (TGA) | $822.2B | -$137.0B 4w |
| ON-RRP BUFFER | $1.4B | |
| STABLECOIN FLEET | $311.7B | -$332M 7d |
| BITCOIN | $77,981 | dominance 58.4% |
| SPOT ETF DESKS (5d NET) | -$453M |
SIGNALS
- GREEN · NETLIQ-RISING — US net liquidity 4-week change positive ($96.7B). Backdrop supportive.
- AMBER · RRP-EXHAUSTED — ON-RRP buffer nearly spent ($1.4B). No cushion left for the next drain.
- RED · STABLE-BURN — Stablecoin fleet shrank $332M in 7 days. Dry powder leaving the theater.
- AMBER · ETF-OUTFLOW — Spot BTC ETFs bled $453M over 5 sessions.
THE READ
No clear flow: inflows and outflows are roughly balanced. The next decisive move in liquidity usually decides the tape. Trend: turning up.
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.