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Fed water level
BTC vs Fed Liquidity
Compare BTC monthly close with Fed net liquidity on one normalized chart so the community can discuss macro water level without turning it into a short-term signal.
Net liquidity = Fed balance sheet - Treasury General Account - overnight reverse repo
Macro context only. This is not a price forecast or investment advice.
BTC change
+563%
Latest water level
$5.84T
Net liquidity change
+57%
Comparison chart
Snapshot updated 2026-07-03. Lines are normalized to compare direction.
BTCFed net liquidity
Latest water level
Fed balance sheet$6.72T
- TGA$0.88T
- Reverse repo$0.00T
Net liquidity$5.84T
Water rising does not guarantee BTC rising. The point is to keep macro liquidity visible beside BTC research notes.
Quarterly snapshot
| Date | BTC | Net water | Fed | TGA | RRP |
|---|---|---|---|---|---|
| 2026-07 | $62,046 | $5.84T | $6.72T | $0.88T | $0.00T |
| 2026-04 | $76,347 | $5.83T | $6.68T | $0.85T | $0.00T |
| 2026-01 | $78,741 | $5.70T | $6.64T | $0.84T | $0.11T |
| 2025-10 | $109,608 | $5.77T | $6.59T | $0.81T | $0.01T |
| 2025-07 | $115,764 | $6.05T | $6.66T | $0.36T | $0.25T |
| 2025-04 | $94,172 | $6.15T | $6.74T | $0.36T | $0.23T |
| 2025-01 | $102,430 | $5.66T | $6.85T | $0.72T | $0.47T |
| 2024-10 | $70,292 | $5.90T | $7.08T | $0.81T | $0.38T |