Liquidity

1Fed net liquidity

$5.87T

4w +0.14%13w -1.91%

Fed balance sheet minus the Treasury account and reverse repo: the dollars actually left in markets.

2US money supply (M2)

$23.34T

1y +5.66%3m +1.43%

Cash, deposits and money funds across the US economy. Monthly, published with a lag.

3Stablecoin supply

—

7d —30d —

Dollars already on-chain and ready to buy crypto.

4BTC order book ±1%

—

Bids —Asks —

Resting bids and asks within 1% of price across 10 spot exchanges. Arrow: which side is heavier. The heatmap is under Derivatives.

Fed net liquidity · 2 years

Weekly, last reading 2026-10-14