THE LIQTIDE SCORE: 50/100 — NO CLEAR FLOW — 17 SEP 2026
50/100NO CLEAR FLOW (▼ was 55) · TREND TURNING UP
The US Treasury pulled $111.5B out of the system in 7 days.
THE BOARD
| US NET LIQUIDITY | $5.90T | +$96.7B 4w |
| FED BALANCE SHEET | $6.74T | -$19.3B 4w |
| TREASURY WAR CHEST (TGA) | $991.6B | +$29.6B 4w |
| ON-RRP BUFFER | $5.4B | |
| STABLECOIN FLEET | $311.1B | -$1.0B 7d |
| BITCOIN | $76,347 | dominance 58.4% |
| SPOT ETF DESKS (5d NET) | -$738M |
SIGNALS
- GREEN · NETLIQ-RISING — US net liquidity 4-week change positive ($96.7B). Backdrop supportive.
- RED · TGA-REBUILD — TGA rebuilt $111.5B in a week (>$100B threshold). Reserves being drained.
- AMBER · RRP-EXHAUSTED — ON-RRP buffer nearly spent ($5.4B). No cushion left for the next drain.
- RED · STABLE-BURN — Stablecoin fleet shrank $1.0B in 7 days. Dry powder leaving the theater.
- AMBER · ETF-OUTFLOW — Spot BTC ETFs bled $738M 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.