THE LIQTIDE SCORE: 47/100 — NO CLEAR FLOW — 06 OCT 2026
47/100NO CLEAR FLOW (▼ was 48) · TREND FALLING
The US Treasury injected $74.1B into the system this week.
THE BOARD
| US NET LIQUIDITY | $5.75T | -$44.9B 4w |
| FED BALANCE SHEET | $6.74T | +$5.8B 4w |
| TREASURY WAR CHEST (TGA) | $871.2B | -$17.7B 4w |
| ON-RRP BUFFER | $1.0B | |
| STABLECOIN FLEET | $314.4B | +$1.4B 7d |
| BITCOIN | $85,636 | dominance 58.7% |
| SPOT ETF DESKS (5d NET) | +$50M |
SIGNALS
- RED · NETLIQ-DRAIN — US net liquidity 4-week change NEGATIVE (-$44.9B). Risk backdrop tightening.
- AMBER · RRP-EXHAUSTED — ON-RRP buffer nearly spent ($1.0B). No cushion left for the next drain.
- GREEN · STABLE-MINT — Stablecoin fleet grew $1.4B in 7 days. Dry powder loading.
- GREEN · ETF-INFLOW — Spot BTC ETFs absorbed $50M over 5 sessions.
- RED · DOLLAR-SQUEEZE — Broad dollar in the top decile of its 1-year range. Offshore funding squeeze in effect.
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.