THE LIQTIDE SCORE: 55/100 — NO CLEAR FLOW — 24 SEP 2026
55/100NO CLEAR FLOW (▲ was 52) · TREND FALLING
The US Treasury injected $34.1B into the system this week.
THE BOARD
| US NET LIQUIDITY | $5.75T | -$59.5B 4w |
| FED BALANCE SHEET | $6.75T | +$849M 4w |
| TREASURY WAR CHEST (TGA) | $957.4B | -$36.7B 4w |
| ON-RRP BUFFER | $461M | |
| STABLECOIN FLEET | $313.3B | +$2.2B 7d |
| BITCOIN | $84,270 | dominance 58.8% |
| SPOT ETF DESKS (5d NET) | +$2.3B |
SIGNALS
- RED · NETLIQ-DRAIN — US net liquidity 4-week change NEGATIVE (-$59.5B). Risk backdrop tightening.
- AMBER · RRP-EXHAUSTED — ON-RRP buffer nearly spent ($461M). No cushion left for the next drain.
- GREEN · STABLE-MINT — Stablecoin fleet grew $2.2B in 7 days. Dry powder loading.
- GREEN · ETF-INFLOW — Spot BTC ETFs absorbed $2.3B 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: falling.
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.