THE LIQTIDE SCORE: 51/100 — NO CLEAR FLOW — 02 OCT 2026
51/100NO CLEAR FLOW (▼ was 61) · TREND FALLING
The US Treasury pulled $36.7B out of the system in 7 days.
THE BOARD
| US NET LIQUIDITY | $5.75T | -$44.9B 4w |
| FED BALANCE SHEET | $6.74T | +$5.8B 4w |
| TREASURY WAR CHEST (TGA) | $984.0B | +$39.7B 4w |
| ON-RRP BUFFER | $350M | |
| STABLECOIN FLEET | $313.2B | +$3.1B 7d |
| BITCOIN | $84,595 | dominance 58.6% |
| SPOT ETF DESKS (5d NET) | -$10M |
SIGNALS
- RED · NETLIQ-DRAIN — US net liquidity 4-week change NEGATIVE (-$44.9B). Risk backdrop tightening.
- AMBER · RRP-EXHAUSTED — ON-RRP buffer nearly spent ($350M). No cushion left for the next drain.
- GREEN · STABLE-MINT — Stablecoin fleet grew $3.1B in 7 days. Dry powder loading.
- AMBER · ETF-OUTFLOW — Spot BTC ETFs bled $10M 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.