M2 / Liquidity Clock
Global liquidity drives risk assets. Net Fed Liquidity (WALCL − RRP − TGA), M2 money supply, stablecoin float — answering one question: is liquidity expanding or contracting right now? Auto-refresh every 5 min.
CONTRACTING
Net Fed Liquidity —/mo · Stables —/mo → CONTRACTING.
Rules: BOTH liquidity & stables > +1%/mo → expanding · BOTH negative → contracting · mixed → slow.
green tint = rising over trailing 12w · red tint = falling
Liquidity backdrop for crypto: headwind. Net Fed Liquidity —/mo · Stables —/mo → CONTRACTING.