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Fed water level
BTC vs Fed Liquidity
把 BTC 月度收盘价与美联储净流动性放在同一张归一化图里，帮助社区讨论宏观水位，而不是做短线判断。
净流动性 = Fed 资产负债表 - 美国财政部现金账户 - 隔夜逆回购
这是宏观背景图，不是价格预测，也不构成投资建议。
BTC 变化
+563%
最新水位
$5.84T
净流动性变化
+57%
对比图
Snapshot updated 2026-07-03. Lines are normalized to compare direction.
BTCFed net liquidity
最新水位
Fed 资产负债表$6.72T
- TGA$0.88T
- 逆回购$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.
季度快照
| 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 |