THE LIQTIDE SCORE: 59/100 — NO CLEAR FLOW — 29 SEP 2026
59/100NO CLEAR FLOW (▼ was 61) · TREND TURNING UP
The US Treasury injected $40.6B into the system this week.
THE BOARD
| US NET LIQUIDITY | $5.80T | +$29.2B 4w |
| FED BALANCE SHEET | $6.75T | +$16.8B 4w |
| TREASURY WAR CHEST (TGA) | $945.3B | -$26.1B 4w |
| ON-RRP BUFFER | $851M | |
| STABLECOIN FLEET | $313.0B | +$1.0B 7d |
| BITCOIN | $83,019 | dominance 58.4% |
| SPOT ETF DESKS (5d NET) | +$1.4B |
SIGNALS
- GREEN · NETLIQ-RISING — US net liquidity 4-week change positive ($29.2B). Backdrop supportive.
- AMBER · RRP-EXHAUSTED — ON-RRP buffer nearly spent ($851M). No cushion left for the next drain.
- GREEN · STABLE-MINT — Stablecoin fleet grew $1.0B in 7 days. Dry powder loading.
- GREEN · ETF-INFLOW — Spot BTC ETFs absorbed $1.4B 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.