§ 01 · Today
Today's money supply
Oct 15, 2026 · The US money supply (M2), Mar 2, 2015 to Oct 14, 2026
"Money printing pumps Bitcoin", the saying goes, and its newer form: "Bitcoin follows M2". When the money supply grows fast, more dollars chase the same assets, and the scarce ones are meant to rise first. Here the money is the US money supply, M2 (cash, checking and savings deposits and retail money market funds: the Federal Reserve's M2 , from FRED), its growth over a year as it was known on each day, and every such day is a buy of Bitcoin at that day's close, held 30, 90 or 180 days.
August 2026 (the newest month out by Oct 14, 2026): M2 at $23.3T , +5.7% over a year: growing as usual (the month before: +5.4%).
The US money supply's growth over a year, a bar a month from January 2015: 2015 between +5.3% and +6.5%; 2016 between +5.7% and +7.3%; 2017 between +4.8% and +6.4%; 2018 between +3.2% and +4.4%; 2019 between +3.9% and +7.1%; 2020 between +6.7% and +24.5%; 2021 between +12.3% and +26.8%; 2022 between −1.0% and +11.7%; 2023 between −4.6% and −1.7%; 2024 between −2.1% and +3.4%; 2025 between +3.3% and +4.4%; 2026 between +4.1% and +5.7%; August 2026 +5.7%, M2 at $23.3T US money supply (M2), growth over a year 0% 5% 10% January 2015 · M2 at $11.8T · +6.1% over a year February 2015 · M2 at $11.9T · +6.5% over a year March 2015 · M2 at $11.9T · +6.1% over a year April 2015 · M2 at $12.0T · +6.0% over a year May 2015 · M2 at $12.0T · +5.6% over a year June 2015 · M2 at $12.0T · +5.5% over a year July 2015 · M2 at $12.1T · +5.3% over a year August 2015 · M2 at $12.1T · +5.5% over a year September 2015 · M2 at $12.2T · +5.7% over a year October 2015 · M2 at $12.2T · +5.4% over a year November 2015 · M2 at $12.3T · +5.9% over a year December 2015 · M2 at $12.4T · +5.7% over a year January 2016 · M2 at $12.5T · +6.1% over a year 2016 February 2016 · M2 at $12.6T · +5.7% over a year March 2016 · M2 at $12.7T · +6.2% over a year April 2016 · M2 at $12.7T · +6.6% over a year May 2016 · M2 at $12.8T · +6.8% over a year June 2016 · M2 at $12.8T · +6.9% over a year July 2016 · M2 at $12.9T · +7.0% over a year August 2016 · M2 at $13.0T · +7.2% over a year September 2016 · M2 at $13.1T · +7.2% over a year October 2016 · M2 at $13.1T · +7.3% over a year November 2016 · M2 at $13.2T · +7.2% over a year December 2016 · M2 at $13.2T · +6.8% over a year January 2017 · M2 at $13.3T · +6.4% over a year 2017 February 2017 · M2 at $13.4T · +6.3% over a year March 2017 · M2 at $13.5T · +6.3% over a year April 2017 · M2 at $13.5T · +6.1% over a year May 2017 · M2 at $13.6T · +6.0% over a year June 2017 · M2 at $13.6T · +5.7% over a year July 2017 · M2 at $13.6T · +5.7% over a year August 2017 · M2 at $13.7T · +5.5% over a year September 2017 · M2 at $13.7T · +5.3% over a year October 2017 · M2 at $13.8T · +5.2% over a year November 2017 · M2 at $13.8T · +4.8% over a year December 2017 · M2 at $13.9T · +4.9% over a year January 2018 · M2 at $13.9T · +4.4% over a year 2018 February 2018 · M2 at $13.9T · +4.1% over a year March 2018 · M2 at $14.0T · +4.1% over a year April 2018 · M2 at $14.0T · +3.8% over a year May 2018 · M2 at $14.1T · +3.9% over a year June 2018 · M2 at $14.1T · +4.1% over a year July 2018 · M2 at $14.2T · +3.9% over a year August 2018 · M2 at $14.2T · +3.8% over a year September 2018 · M2 at $14.2T · +3.6% over a year October 2018 · M2 at $14.3T · +3.3% over a year November 2018 · M2 at $14.3T · +3.2% over a year December 2018 · M2 at $14.4T · +3.6% over a year January 2019 · M2 at $14.5T · +4.0% over a year 2019 February 2019 · M2 at $14.5T · +4.0% over a year March 2019 · M2 at $14.6T · +3.9% over a year April 2019 · M2 at $14.6T · +4.0% over a year May 2019 · M2 at $14.7T · +4.3% over a year June 2019 · M2 at $14.8T · +4.7% over a year July 2019 · M2 at $14.9T · +5.0% over a year August 2019 · M2 at $15.0T · +5.3% over a year September 2019 · M2 at $15.0T · +5.6% over a year October 2019 · M2 at $15.2T · +6.5% over a year November 2019 · M2 at $15.3T · +7.1% over a year December 2019 · M2 at $15.4T · +6.7% over a year January 2020 · M2 at $15.4T · +6.7% over a year 2020 February 2020 · M2 at $15.5T · +6.8% over a year March 2020 · M2 at $16.0T · +10.1% over a year April 2020 · M2 at $17.1T · +16.9% over a year May 2020 · M2 at $17.9T · +22.0% over a year June 2020 · M2 at $18.2T · +22.8% over a year July 2020 · M2 at $18.3T · +23.2% over a year August 2020 · M2 at $18.4T · +23.0% over a year September 2020 · M2 at $18.6T · +23.6% over a year October 2020 · M2 at $18.8T · +23.5% over a year November 2020 · M2 at $19.0T · +24.2% over a year December 2020 · M2 at $19.1T · +24.5% over a year January 2021 · M2 at $19.4T · +25.6% over a year 2021 February 2021 · M2 at $19.6T · +26.8% over a year March 2021 · M2 at $19.9T · +23.9% over a year April 2021 · M2 at $20.2T · +18.2% over a year May 2021 · M2 at $20.5T · +14.1% over a year June 2021 · M2 at $20.5T · +12.6% over a year July 2021 · M2 at $20.6T · +12.5% over a year August 2021 · M2 at $20.8T · +13.2% over a year September 2021 · M2 at $21.0T · +12.8% over a year October 2021 · M2 at $21.2T · +12.8% over a year November 2021 · M2 at $21.3T · +12.3% over a year December 2021 · M2 at $21.5T · +12.5% over a year January 2022 · M2 at $21.6T · +11.7% over a year 2022 February 2022 · M2 at $21.7T · +10.6% over a year March 2022 · M2 at $21.8T · +9.6% over a year April 2022 · M2 at $21.8T · +7.9% over a year May 2022 · M2 at $21.7T · +6.2% over a year June 2022 · M2 at $21.6T · +5.7% over a year July 2022 · M2 at $21.6T · +4.9% over a year August 2022 · M2 at $21.6T · +3.8% over a year September 2022 · M2 at $21.5T · +2.6% over a year October 2022 · M2 at $21.5T · +1.4% over a year November 2022 · M2 at $21.4T · +0.3% over a year December 2022 · M2 at $21.3T · −1.0% over a year January 2023 · M2 at $21.3T · −1.7% over a year 2023 February 2023 · M2 at $21.2T · −2.2% over a year March 2023 · M2 at $20.9T · −3.9% over a year April 2023 · M2 at $20.8T · −4.6% over a year May 2023 · M2 at $20.8T · −4.1% over a year June 2023 · M2 at $20.8T · −3.9% over a year July 2023 · M2 at $20.8T · −4.0% over a year August 2023 · M2 at $20.8T · −4.0% over a year September 2023 · M2 at $20.8T · −3.7% over a year October 2023 · M2 at $20.7T · −3.4% over a year November 2023 · M2 at $20.7T · −3.1% over a year December 2023 · M2 at $20.8T · −2.4% over a year January 2024 · M2 at $20.8T · −2.1% over a year 2024 February 2024 · M2 at $20.9T · −1.5% over a year March 2024 · M2 at $21.0T · +0.1% over a year April 2024 · M2 at $21.0T · +0.9% over a year May 2024 · M2 at $21.0T · +0.9% over a year June 2024 · M2 at $21.1T · +1.3% over a year July 2024 · M2 at $21.1T · +1.5% over a year August 2024 · M2 at $21.2T · +2.0% over a year September 2024 · M2 at $21.3T · +2.5% over a year October 2024 · M2 at $21.3T · +2.9% over a year November 2024 · M2 at $21.5T · +3.4% over a year December 2024 · M2 at $21.5T · +3.4% over a year January 2025 · M2 at $21.5T · +3.4% over a year 2025 February 2025 · M2 at $21.6T · +3.3% over a year March 2025 · M2 at $21.7T · +3.4% over a year April 2025 · M2 at $21.8T · +3.9% over a year May 2025 · M2 at $21.8T · +3.9% over a year June 2025 · M2 at $21.9T · +4.1% over a year July 2025 · M2 at $22.0T · +4.4% over a year August 2025 · M2 at $22.1T · +4.2% over a year September 2025 · M2 at $22.2T · +4.2% over a year October 2025 · M2 at $22.2T · +4.3% over a year November 2025 · M2 at $22.3T · +3.8% over a year December 2025 · M2 at $22.4T · +4.0% over a year January 2026 · M2 at $22.4T · +4.1% over a year 2026 February 2026 · M2 at $22.6T · +4.6% over a year March 2026 · M2 at $22.6T · +4.4% over a year April 2026 · M2 at $22.8T · +4.5% over a year May 2026 · M2 at $23.0T · +5.4% over a year June 2026 · M2 at $23.1T · +5.3% over a year July 2026 · M2 at $23.2T · +5.4% over a year August 2026 · M2 at $23.3T · +5.7% over a year The US money supply's growth over a year, a bar a month from January 2015: 2015 between +5.3% and +6.5%; 2016 between +5.7% and +7.3%; 2017 between +4.8% and +6.4%; 2018 between +3.2% and +4.4%; 2019 between +3.9% and +7.1%; 2020 between +6.7% and +24.5%; 2021 between +12.3% and +26.8%; 2022 between −1.0% and +11.7%; 2023 between −4.6% and −1.7%; 2024 between −2.1% and +3.4%; 2025 between +3.3% and +4.4%; 2026 between +4.1% and +5.7%; August 2026 +5.7%, M2 at $23.3T US money supply (M2), growth over a year 0% 5% 10% January 2015 · M2 at $11.8T · +6.1% over a year February 2015 · M2 at $11.9T · +6.5% over a year March 2015 · M2 at $11.9T · +6.1% over a year April 2015 · M2 at $12.0T · +6.0% over a year May 2015 · M2 at $12.0T · +5.6% over a year June 2015 · M2 at $12.0T · +5.5% over a year July 2015 · M2 at $12.1T · +5.3% over a year August 2015 · M2 at $12.1T · +5.5% over a year September 2015 · M2 at $12.2T · +5.7% over a year October 2015 · M2 at $12.2T · +5.4% over a year November 2015 · M2 at $12.3T · +5.9% over a year December 2015 · M2 at $12.4T · +5.7% over a year January 2016 · M2 at $12.5T · +6.1% over a year 2016 February 2016 · M2 at $12.6T · +5.7% over a year March 2016 · M2 at $12.7T · +6.2% over a year April 2016 · M2 at $12.7T · +6.6% over a year May 2016 · M2 at $12.8T · +6.8% over a year June 2016 · M2 at $12.8T · +6.9% over a year July 2016 · M2 at $12.9T · +7.0% over a year August 2016 · M2 at $13.0T · +7.2% over a year September 2016 · M2 at $13.1T · +7.2% over a year October 2016 · M2 at $13.1T · +7.3% over a year November 2016 · M2 at $13.2T · +7.2% over a year December 2016 · M2 at $13.2T · +6.8% over a year January 2017 · M2 at $13.3T · +6.4% over a year February 2017 · M2 at $13.4T · +6.3% over a year March 2017 · M2 at $13.5T · +6.3% over a year April 2017 · M2 at $13.5T · +6.1% over a year May 2017 · M2 at $13.6T · +6.0% over a year June 2017 · M2 at $13.6T · +5.7% over a year July 2017 · M2 at $13.6T · +5.7% over a year August 2017 · M2 at $13.7T · +5.5% over a year September 2017 · M2 at $13.7T · +5.3% over a year October 2017 · M2 at $13.8T · +5.2% over a year November 2017 · M2 at $13.8T · +4.8% over a year December 2017 · M2 at $13.9T · +4.9% over a year January 2018 · M2 at $13.9T · +4.4% over a year 2018 February 2018 · M2 at $13.9T · +4.1% over a year March 2018 · M2 at $14.0T · +4.1% over a year April 2018 · M2 at $14.0T · +3.8% over a year May 2018 · M2 at $14.1T · +3.9% over a year June 2018 · M2 at $14.1T · +4.1% over a year July 2018 · M2 at $14.2T · +3.9% over a year August 2018 · M2 at $14.2T · +3.8% over a year September 2018 · M2 at $14.2T · +3.6% over a year October 2018 · M2 at $14.3T · +3.3% over a year November 2018 · M2 at $14.3T · +3.2% over a year December 2018 · M2 at $14.4T · +3.6% over a year January 2019 · M2 at $14.5T · +4.0% over a year February 2019 · M2 at $14.5T · +4.0% over a year March 2019 · M2 at $14.6T · +3.9% over a year April 2019 · M2 at $14.6T · +4.0% over a year May 2019 · M2 at $14.7T · +4.3% over a year June 2019 · M2 at $14.8T · +4.7% over a year July 2019 · M2 at $14.9T · +5.0% over a year August 2019 · M2 at $15.0T · +5.3% over a year September 2019 · M2 at $15.0T · +5.6% over a year October 2019 · M2 at $15.2T · +6.5% over a year November 2019 · M2 at $15.3T · +7.1% over a year December 2019 · M2 at $15.4T · +6.7% over a year January 2020 · M2 at $15.4T · +6.7% over a year 2020 February 2020 · M2 at $15.5T · +6.8% over a year March 2020 · M2 at $16.0T · +10.1% over a year April 2020 · M2 at $17.1T · +16.9% over a year May 2020 · M2 at $17.9T · +22.0% over a year June 2020 · M2 at $18.2T · +22.8% over a year July 2020 · M2 at $18.3T · +23.2% over a year August 2020 · M2 at $18.4T · +23.0% over a year September 2020 · M2 at $18.6T · +23.6% over a year October 2020 · M2 at $18.8T · +23.5% over a year November 2020 · M2 at $19.0T · +24.2% over a year December 2020 · M2 at $19.1T · +24.5% over a year January 2021 · M2 at $19.4T · +25.6% over a year February 2021 · M2 at $19.6T · +26.8% over a year March 2021 · M2 at $19.9T · +23.9% over a year April 2021 · M2 at $20.2T · +18.2% over a year May 2021 · M2 at $20.5T · +14.1% over a year June 2021 · M2 at $20.5T · +12.6% over a year July 2021 · M2 at $20.6T · +12.5% over a year August 2021 · M2 at $20.8T · +13.2% over a year September 2021 · M2 at $21.0T · +12.8% over a year October 2021 · M2 at $21.2T · +12.8% over a year November 2021 · M2 at $21.3T · +12.3% over a year December 2021 · M2 at $21.5T · +12.5% over a year January 2022 · M2 at $21.6T · +11.7% over a year 2022 February 2022 · M2 at $21.7T · +10.6% over a year March 2022 · M2 at $21.8T · +9.6% over a year April 2022 · M2 at $21.8T · +7.9% over a year May 2022 · M2 at $21.7T · +6.2% over a year June 2022 · M2 at $21.6T · +5.7% over a year July 2022 · M2 at $21.6T · +4.9% over a year August 2022 · M2 at $21.6T · +3.8% over a year September 2022 · M2 at $21.5T · +2.6% over a year October 2022 · M2 at $21.5T · +1.4% over a year November 2022 · M2 at $21.4T · +0.3% over a year December 2022 · M2 at $21.3T · −1.0% over a year January 2023 · M2 at $21.3T · −1.7% over a year February 2023 · M2 at $21.2T · −2.2% over a year March 2023 · M2 at $20.9T · −3.9% over a year April 2023 · M2 at $20.8T · −4.6% over a year May 2023 · M2 at $20.8T · −4.1% over a year June 2023 · M2 at $20.8T · −3.9% over a year July 2023 · M2 at $20.8T · −4.0% over a year August 2023 · M2 at $20.8T · −4.0% over a year September 2023 · M2 at $20.8T · −3.7% over a year October 2023 · M2 at $20.7T · −3.4% over a year November 2023 · M2 at $20.7T · −3.1% over a year December 2023 · M2 at $20.8T · −2.4% over a year January 2024 · M2 at $20.8T · −2.1% over a year 2024 February 2024 · M2 at $20.9T · −1.5% over a year March 2024 · M2 at $21.0T · +0.1% over a year April 2024 · M2 at $21.0T · +0.9% over a year May 2024 · M2 at $21.0T · +0.9% over a year June 2024 · M2 at $21.1T · +1.3% over a year July 2024 · M2 at $21.1T · +1.5% over a year August 2024 · M2 at $21.2T · +2.0% over a year September 2024 · M2 at $21.3T · +2.5% over a year October 2024 · M2 at $21.3T · +2.9% over a year November 2024 · M2 at $21.5T · +3.4% over a year December 2024 · M2 at $21.5T · +3.4% over a year January 2025 · M2 at $21.5T · +3.4% over a year February 2025 · M2 at $21.6T · +3.3% over a year March 2025 · M2 at $21.7T · +3.4% over a year April 2025 · M2 at $21.8T · +3.9% over a year May 2025 · M2 at $21.8T · +3.9% over a year June 2025 · M2 at $21.9T · +4.1% over a year July 2025 · M2 at $22.0T · +4.4% over a year August 2025 · M2 at $22.1T · +4.2% over a year September 2025 · M2 at $22.2T · +4.2% over a year October 2025 · M2 at $22.2T · +4.3% over a year November 2025 · M2 at $22.3T · +3.8% over a year December 2025 · M2 at $22.4T · +4.0% over a year January 2026 · M2 at $22.4T · +4.1% over a year 2026 February 2026 · M2 at $22.6T · +4.6% over a year March 2026 · M2 at $22.6T · +4.4% over a year April 2026 · M2 at $22.8T · +4.5% over a year May 2026 · M2 at $23.0T · +5.4% over a year June 2026 · M2 at $23.1T · +5.3% over a year July 2026 · M2 at $23.2T · +5.4% over a year August 2026 · M2 at $23.3T · +5.7% over a year
§ 02 · After it
What came after it
Oct 15, 2026 · Bitcoin, from the day's close
Bitcoin's next 90 days after each range of the US money supply's growth over a year: under 0% a year +22.6% over 456 days; 0% to 2.9% a year +24.8% over 336 days; 3% to 4.9% a year +2.4% over 1215 days; 5% to 6.9% a year +38.8% over 1174 days; 7% to 9.9% a year +17.0% over 244 days; 10% to 19.9% a year −0.2% over 395 days; 20% or more a year +62.2% over 335 days; every day +22.2% Bitcoin's next 90 days by M2's growth M2 under 0% a year · Bitcoin +22.6% over the next 90 days on average · up 78% of the time · 456 days <0% 456 M2 0% to 2.9% a year · Bitcoin +24.8% over the next 90 days on average · up 73% of the time · 336 days 0% 336 M2 3% to 4.9% a year · Bitcoin +2.4% over the next 90 days on average · up 40% of the time · 1,215 days 3% 1,215 M2 5% to 6.9% a year · Bitcoin +38.8% over the next 90 days on average · up 70% of the time · 1,174 days 5% 1,174 M2 7% to 9.9% a year · Bitcoin +17.0% over the next 90 days on average · up 64% of the time · 244 days 7% 244 M2 10% to 19.9% a year · Bitcoin −0.2% over the next 90 days on average · up 51% of the time · 395 days 10% 395 M2 20% or more a year · Bitcoin +62.2% over the next 90 days on average · up 73% of the time · 335 days 20%+ 335 every day +22.2% Bitcoin's next 90 days after each range of the US money supply's growth over a year: under 0% a year +22.6% over 456 days; 0% to 2.9% a year +24.8% over 336 days; 3% to 4.9% a year +2.4% over 1215 days; 5% to 6.9% a year +38.8% over 1174 days; 7% to 9.9% a year +17.0% over 244 days; 10% to 19.9% a year −0.2% over 395 days; 20% or more a year +62.2% over 335 days; every day +22.2% Bitcoin's next 90 days by M2's growth M2 under 0% a year · Bitcoin +22.6% over the next 90 days on average · up 78% of the time · 456 days <0% 456 M2 0% to 2.9% a year · Bitcoin +24.8% over the next 90 days on average · up 73% of the time · 336 days M2 3% to 4.9% a year · Bitcoin +2.4% over the next 90 days on average · up 40% of the time · 1,215 days 3% 1,215 M2 5% to 6.9% a year · Bitcoin +38.8% over the next 90 days on average · up 70% of the time · 1,174 days M2 7% to 9.9% a year · Bitcoin +17.0% over the next 90 days on average · up 64% of the time · 244 days 7% 244 M2 10% to 19.9% a year · Bitcoin −0.2% over the next 90 days on average · up 51% of the time · 395 days M2 20% or more a year · Bitcoin +62.2% over the next 90 days on average · up 73% of the time · 335 days 20%+ 335 every day +22.2% under each bar: its days
Days and stretches count the days with 30 days after them; a stretch ends after 7 days out of its band. Today's band is marked. Each band against all the other days over the same hold, with its luck test under it (✓ past the bar, both halves of the days agreeing; the halves on hover):
Money growing fast (10% or more a year) came on 730 days in 1 separate stretch, the last on Apr 29, 2022. Bitcoin bought at the close of one of those days rose over the next 90 days 61% of the time (+16.6% in the middle case, +28.5% on average): +7.6% against the other days, +38.3% in the older half of the days and +4.7% in the newer. A luck test of 0.3, not past the bar of 3.0: 8 holds that share no day, and a few long waves decide the average.
Money shrinking (under 0% a year) came on 456 days in 1 separate stretch, the last on Apr 29, 2024. Bitcoin bought at the close of one of those days rose over the next 90 days 78% of the time (+19.2% in the middle case, +22.6% on average): +0.5% against the other days, — in the older half of the days and +14.9% in the newer. A luck test of 0.0, not past the bar of 3.0: 5 holds that share no day, and a few long waves decide the average.
§ 03 · The Fed
The Fed's liquidity
Oct 15, 2026 · net liquidity: the Fed's assets less the Treasury's account and the reverse repo
The other money chart: "net liquidity", the Fed's balance sheet less the money parked back at the Fed - the Treasury's account (the TGA ) and the overnight reverse repo . When it grows, the saying goes, there is more money in the markets. Its change over 28 days on each day, the Fed's own weekly balance sheet and the daily reverse repo as they were known then, and Bitcoin bought at that day's close, held 30 or 90 days.
Oct 14, 2026: $5.9T ($6.7T of assets, less $880B in the Treasury's account and next to nothing in the reverse repo), +0.2% over 28 days: adding.
The Fed's net liquidity from 2014 to 2026, a reading every week: 2014 between $3.9T and $4.3T; 2015 between $4.1T and $4.4T; 2016 between $3.7T and $4.2T; 2017 between $3.8T and $4.3T; 2018 between $3.7T and $4.2T; 2019 between $3.5T and $3.8T; 2020 between $3.7T and $5.8T; 2021 between $5.7T and $7.1T; 2022 between $5.7T and $6.9T; 2023 between $5.8T and $6.3T; 2024 between $5.8T and $6.3T; 2025 between $5.6T and $6.3T; 2026 between $5.7T and $6.0T; today $5.9T, +0.2% over 28 days The Fed's net liquidity, every week 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Week of Feb 22, 2014 · net liquidity at $4.0T · +2.3% over 28 days Week of Mar 22, 2014 · net liquidity at $4.1T · +0.7% over 28 days Week of Apr 19, 2014 · net liquidity at $4.1T · +2.3% over 28 days Week of May 17, 2014 · net liquidity at $4.1T · −1.8% over 28 days Week of Jun 14, 2014 · net liquidity at $4.2T · +2.9% over 28 days Week of Jul 12, 2014 · net liquidity at $4.2T · +0.1% over 28 days Week of Aug 9, 2014 · net liquidity at $4.2T · +0.4% over 28 days Week of Sep 6, 2014 · net liquidity at $4.2T · +0.1% over 28 days Week of Oct 4, 2014 · net liquidity at $4.2T · −1.4% over 28 days Week of Nov 1, 2014 · net liquidity at $4.2T · +1.8% over 28 days Week of Nov 29, 2014 · net liquidity at $4.3T · +0.8% over 28 days Week of Dec 27, 2014 · net liquidity at $4.3T · +0.5% over 28 days Week of Jan 24, 2015 · net liquidity at $4.2T · −2.5% over 28 days Week of Feb 21, 2015 · net liquidity at $4.2T · +1.7% over 28 days Week of Mar 21, 2015 · net liquidity at $4.4T · +2.5% over 28 days Week of Apr 18, 2015 · net liquidity at $4.4T · +0.1% over 28 days Week of May 16, 2015 · net liquidity at $4.2T · −3.1% over 28 days Week of Jun 13, 2015 · net liquidity at $4.2T · −0.6% over 28 days Week of Jul 11, 2015 · net liquidity at $4.2T · −0.7% over 28 days Week of Aug 8, 2015 · net liquidity at $4.2T · +0.5% over 28 days Week of Sep 5, 2015 · net liquidity at $4.3T · +2.4% over 28 days Week of Oct 3, 2015 · net liquidity at $4.3T · −0.6% over 28 days Week of Oct 31, 2015 · net liquidity at $4.3T · +0.1% over 28 days Week of Nov 28, 2015 · net liquidity at $4.2T · −1.3% over 28 days Week of Dec 26, 2015 · net liquidity at $4.1T · −3.5% over 28 days Week of Jan 23, 2016 · net liquidity at $4.1T · +1.1% over 28 days Week of Feb 20, 2016 · net liquidity at $4.1T · +0.8% over 28 days Week of Mar 19, 2016 · net liquidity at $4.2T · +1.7% over 28 days Week of Apr 16, 2016 · net liquidity at $4.2T · +0.6% over 28 days Week of May 14, 2016 · net liquidity at $4.1T · −2.7% over 28 days Week of Jun 11, 2016 · net liquidity at $4.2T · +1.4% over 28 days Week of Jul 9, 2016 · net liquidity at $4.1T · −2.3% over 28 days Week of Aug 6, 2016 · net liquidity at $4.1T · +0.7% over 28 days Week of Sep 3, 2016 · net liquidity at $4.1T · −0.6% over 28 days Week of Oct 1, 2016 · net liquidity at $3.8T · −6.5% over 28 days Week of Oct 29, 2016 · net liquidity at $3.9T · +1.6% over 28 days Week of Nov 26, 2016 · net liquidity at $3.9T · +1.5% over 28 days Week of Dec 24, 2016 · net liquidity at $3.8T · −4.5% over 28 days Week of Jan 21, 2017 · net liquidity at $4.0T · +5.0% over 28 days Week of Feb 18, 2017 · net liquidity at $4.0T · +2.1% over 28 days Week of Mar 18, 2017 · net liquidity at $4.2T · +4.5% over 28 days Week of Apr 15, 2017 · net liquidity at $4.3T · +0.8% over 28 days Week of May 13, 2017 · net liquidity at $4.1T · −3.4% over 28 days Week of Jun 10, 2017 · net liquidity at $4.2T · +1.1% over 28 days Week of Jul 8, 2017 · net liquidity at $4.1T · −1.4% over 28 days Week of Aug 5, 2017 · net liquidity at $4.2T · +2.4% over 28 days Week of Sep 2, 2017 · net liquidity at $4.2T · −0.5% over 28 days Week of Sep 30, 2017 · net liquidity at $4.1T · −2.3% over 28 days Week of Oct 28, 2017 · net liquidity at $4.2T · +2.1% over 28 days Week of Nov 25, 2017 · net liquidity at $4.2T · +1.7% over 28 days Week of Dec 23, 2017 · net liquidity at $4.2T · −1.4% over 28 days Week of Jan 20, 2018 · net liquidity at $4.2T · +0.3% over 28 days Week of Feb 17, 2018 · net liquidity at $4.2T · +0.5% over 28 days Week of Mar 17, 2018 · net liquidity at $4.2T · −1.3% over 28 days Week of Apr 14, 2018 · net liquidity at $4.1T · −1.6% over 28 days Week of May 12, 2018 · net liquidity at $4.0T · −2.1% over 28 days Week of Jun 9, 2018 · net liquidity at $4.0T · +0.5% over 28 days Week of Jul 7, 2018 · net liquidity at $3.9T · −1.8% over 28 days Week of Aug 4, 2018 · net liquidity at $3.9T · −1.1% over 28 days Week of Sep 1, 2018 · net liquidity at $3.9T · −0.7% over 28 days Week of Sep 29, 2018 · net liquidity at $3.8T · −2.1% over 28 days Week of Oct 27, 2018 · net liquidity at $3.8T · +0.2% over 28 days Week of Nov 24, 2018 · net liquidity at $3.8T · −1.1% over 28 days Week of Dec 22, 2018 · net liquidity at $3.7T · −1.0% over 28 days Week of Jan 19, 2019 · net liquidity at $3.7T · −0.7% over 28 days Week of Feb 16, 2019 · net liquidity at $3.7T · −0.8% over 28 days Week of Mar 16, 2019 · net liquidity at $3.7T · +1.6% over 28 days Week of Apr 13, 2019 · net liquidity at $3.7T · −1.4% over 28 days Week of May 11, 2019 · net liquidity at $3.5T · −3.6% over 28 days Week of Jun 8, 2019 · net liquidity at $3.6T · +2.2% over 28 days Week of Jul 6, 2019 · net liquidity at $3.6T · −1.7% over 28 days Week of Aug 3, 2019 · net liquidity at $3.6T · +1.4% over 28 days Week of Aug 31, 2019 · net liquidity at $3.6T · +0.1% over 28 days Week of Sep 28, 2019 · net liquidity at $3.5T · −2.1% over 28 days Week of Oct 26, 2019 · net liquidity at $3.6T · +1.5% over 28 days Week of Nov 23, 2019 · net liquidity at $3.6T · +1.3% over 28 days Week of Dec 21, 2019 · net liquidity at $3.8T · +4.4% over 28 days Week of Jan 18, 2020 · net liquidity at $3.8T · +0.8% over 28 days Week of Feb 15, 2020 · net liquidity at $3.8T · −1.4% over 28 days Week of Mar 14, 2020 · net liquidity at $3.9T · +3.7% over 28 days Week of Apr 11, 2020 · net liquidity at $5.4T · +37.6% over 28 days Week of May 9, 2020 · net liquidity at $5.6T · +4.0% over 28 days Week of Jun 6, 2020 · net liquidity at $5.7T · +2.5% over 28 days Week of Jul 4, 2020 · net liquidity at $5.4T · −6.6% over 28 days Week of Aug 1, 2020 · net liquidity at $5.1T · −4.1% over 28 days Week of Aug 29, 2020 · net liquidity at $5.4T · +4.6% over 28 days Week of Sep 26, 2020 · net liquidity at $5.4T · +0.8% over 28 days Week of Oct 24, 2020 · net liquidity at $5.5T · +0.7% over 28 days Week of Nov 21, 2020 · net liquidity at $5.7T · +4.2% over 28 days Week of Dec 19, 2020 · net liquidity at $5.8T · +2.6% over 28 days Week of Jan 16, 2021 · net liquidity at $5.7T · −1.5% over 28 days Week of Feb 13, 2021 · net liquidity at $5.8T · +1.6% over 28 days Week of Mar 13, 2021 · net liquidity at $6.2T · +6.4% over 28 days Week of Apr 10, 2021 · net liquidity at $6.7T · +7.4% over 28 days Week of May 8, 2021 · net liquidity at $6.7T · +0.5% over 28 days Week of Jun 5, 2021 · net liquidity at $6.7T · −0.4% over 28 days Week of Jul 3, 2021 · net liquidity at $6.6T · −1.3% over 28 days Week of Jul 31, 2021 · net liquidity at $6.7T · +1.0% over 28 days Week of Aug 28, 2021 · net liquidity at $6.9T · +4.3% over 28 days Week of Sep 25, 2021 · net liquidity at $6.8T · −1.6% over 28 days Week of Oct 23, 2021 · net liquidity at $7.0T · +2.8% over 28 days Week of Nov 20, 2021 · net liquidity at $6.9T · −2.0% over 28 days Week of Dec 18, 2021 · net liquidity at $7.0T · +1.7% over 28 days Week of Jan 15, 2022 · net liquidity at $6.7T · −4.3% over 28 days Week of Feb 12, 2022 · net liquidity at $6.6T · −2.1% over 28 days Week of Mar 12, 2022 · net liquidity at $6.7T · +2.0% over 28 days Week of Apr 9, 2022 · net liquidity at $6.6T · −0.9% over 28 days Week of May 7, 2022 · net liquidity at $6.1T · −7.2% over 28 days Week of Jun 4, 2022 · net liquidity at $6.1T · −0.2% over 28 days Week of Jul 2, 2022 · net liquidity at $5.8T · −5.1% over 28 days Week of Jul 30, 2022 · net liquidity at $6.0T · +3.8% over 28 days Week of Aug 27, 2022 · net liquidity at $6.1T · +1.3% over 28 days Week of Sep 24, 2022 · net liquidity at $5.8T · −5.9% over 28 days Week of Oct 22, 2022 · net liquidity at $5.9T · +2.4% over 28 days Week of Nov 19, 2022 · net liquidity at $6.0T · +1.8% over 28 days Week of Dec 17, 2022 · net liquidity at $6.1T · +1.6% over 28 days Week of Jan 14, 2023 · net liquidity at $5.9T · −2.8% over 28 days Week of Feb 11, 2023 · net liquidity at $5.9T · −0.8% over 28 days Week of Mar 11, 2023 · net liquidity at $5.8T · −1.8% over 28 days Week of Apr 8, 2023 · net liquidity at $6.3T · +8.8% over 28 days Week of May 6, 2023 · net liquidity at $6.0T · −4.7% over 28 days Week of Jun 3, 2023 · net liquidity at $6.2T · +3.1% over 28 days Week of Jul 1, 2023 · net liquidity at $6.0T · −2.6% over 28 days Week of Jul 29, 2023 · net liquidity at $6.0T · −0.9% over 28 days Week of Aug 26, 2023 · net liquidity at $6.0T · +0.5% over 28 days Week of Sep 23, 2023 · net liquidity at $5.9T · −1.1% over 28 days Week of Oct 21, 2023 · net liquidity at $6.1T · +2.2% over 28 days Week of Nov 18, 2023 · net liquidity at $6.2T · +1.7% over 28 days Week of Dec 16, 2023 · net liquidity at $6.3T · +2.4% over 28 days Week of Jan 13, 2024 · net liquidity at $6.3T · +0.0% over 28 days Week of Feb 10, 2024 · net liquidity at $6.3T · −0.3% over 28 days Week of Mar 9, 2024 · net liquidity at $6.3T · +0.7% over 28 days Week of Apr 6, 2024 · net liquidity at $6.2T · −1.6% over 28 days Week of May 4, 2024 · net liquidity at $6.0T · −3.5% over 28 days Week of Jun 1, 2024 · net liquidity at $6.1T · +1.9% over 28 days Week of Jun 29, 2024 · net liquidity at $5.9T · −3.2% over 28 days Week of Jul 27, 2024 · net liquidity at $6.1T · +2.0% over 28 days Week of Aug 24, 2024 · net liquidity at $6.1T · +0.5% over 28 days Week of Sep 21, 2024 · net liquidity at $6.0T · −1.0% over 28 days Week of Oct 19, 2024 · net liquidity at $6.0T · −0.7% over 28 days Week of Nov 16, 2024 · net liquidity at $5.9T · −1.1% over 28 days Week of Dec 14, 2024 · net liquidity at $6.0T · +0.6% over 28 days Week of Jan 11, 2025 · net liquidity at $6.0T · +1.3% over 28 days Week of Feb 8, 2025 · net liquidity at $5.9T · −1.8% over 28 days Week of Mar 8, 2025 · net liquidity at $6.1T · +2.6% over 28 days Week of Apr 5, 2025 · net liquidity at $6.2T · +2.2% over 28 days Week of May 3, 2025 · net liquidity at $6.0T · −4.1% over 28 days Week of May 31, 2025 · net liquidity at $6.0T · +1.4% over 28 days Week of Jun 28, 2025 · net liquidity at $6.0T · +0.1% over 28 days Week of Jul 26, 2025 · net liquidity at $6.2T · +2.6% over 28 days Week of Aug 23, 2025 · net liquidity at $6.1T · −2.1% over 28 days Week of Sep 20, 2025 · net liquidity at $5.8T · −3.9% over 28 days Week of Oct 18, 2025 · net liquidity at $5.8T · −1.0% over 28 days Week of Nov 15, 2025 · net liquidity at $5.6T · −2.7% over 28 days Week of Dec 13, 2025 · net liquidity at $5.7T · +1.0% over 28 days Week of Jan 10, 2026 · net liquidity at $5.8T · +1.7% over 28 days Week of Feb 7, 2026 · net liquidity at $5.7T · −1.4% over 28 days Week of Mar 7, 2026 · net liquidity at $5.8T · +1.7% over 28 days Week of Apr 4, 2026 · net liquidity at $5.8T · +0.6% over 28 days Week of May 2, 2026 · net liquidity at $5.7T · −2.0% over 28 days Week of May 30, 2026 · net liquidity at $5.9T · +2.9% over 28 days Week of Jun 27, 2026 · net liquidity at $5.8T · −1.1% over 28 days Week of Jul 25, 2026 · net liquidity at $5.9T · +1.8% over 28 days Week of Aug 22, 2026 · net liquidity at $5.8T · −2.1% over 28 days Week of Sep 19, 2026 · net liquidity at $5.9T · +1.3% over 28 days Week of Oct 14, 2026 · net liquidity at $5.9T · +0.2% over 28 days $5.9T The Fed's net liquidity from 2014 to 2026, a reading every week: 2014 between $3.9T and $4.3T; 2015 between $4.1T and $4.4T; 2016 between $3.7T and $4.2T; 2017 between $3.8T and $4.3T; 2018 between $3.7T and $4.2T; 2019 between $3.5T and $3.8T; 2020 between $3.7T and $5.8T; 2021 between $5.7T and $7.1T; 2022 between $5.7T and $6.9T; 2023 between $5.8T and $6.3T; 2024 between $5.8T and $6.3T; 2025 between $5.6T and $6.3T; 2026 between $5.7T and $6.0T; today $5.9T, +0.2% over 28 days The Fed's net liquidity, every week 2016 2018 2020 2022 2024 2026 Week of Feb 22, 2014 · net liquidity at $4.0T · +2.3% over 28 days Week of Mar 22, 2014 · net liquidity at $4.1T · +0.7% over 28 days Week of Apr 19, 2014 · net liquidity at $4.1T · +2.3% over 28 days Week of May 17, 2014 · net liquidity at $4.1T · −1.8% over 28 days Week of Jun 14, 2014 · net liquidity at $4.2T · +2.9% over 28 days Week of Jul 12, 2014 · net liquidity at $4.2T · +0.1% over 28 days Week of Aug 9, 2014 · net liquidity at $4.2T · +0.4% over 28 days Week of Sep 6, 2014 · net liquidity at $4.2T · +0.1% over 28 days Week of Oct 4, 2014 · net liquidity at $4.2T · −1.4% over 28 days Week of Nov 1, 2014 · net liquidity at $4.2T · +1.8% over 28 days Week of Nov 29, 2014 · net liquidity at $4.3T · +0.8% over 28 days Week of Dec 27, 2014 · net liquidity at $4.3T · +0.5% over 28 days Week of Jan 24, 2015 · net liquidity at $4.2T · −2.5% over 28 days Week of Feb 21, 2015 · net liquidity at $4.2T · +1.7% over 28 days Week of Mar 21, 2015 · net liquidity at $4.4T · +2.5% over 28 days Week of Apr 18, 2015 · net liquidity at $4.4T · +0.1% over 28 days Week of May 16, 2015 · net liquidity at $4.2T · −3.1% over 28 days Week of Jun 13, 2015 · net liquidity at $4.2T · −0.6% over 28 days Week of Jul 11, 2015 · net liquidity at $4.2T · −0.7% over 28 days Week of Aug 8, 2015 · net liquidity at $4.2T · +0.5% over 28 days Week of Sep 5, 2015 · net liquidity at $4.3T · +2.4% over 28 days Week of Oct 3, 2015 · net liquidity at $4.3T · −0.6% over 28 days Week of Oct 31, 2015 · net liquidity at $4.3T · +0.1% over 28 days Week of Nov 28, 2015 · net liquidity at $4.2T · −1.3% over 28 days Week of Dec 26, 2015 · net liquidity at $4.1T · −3.5% over 28 days Week of Jan 23, 2016 · net liquidity at $4.1T · +1.1% over 28 days Week of Feb 20, 2016 · net liquidity at $4.1T · +0.8% over 28 days Week of Mar 19, 2016 · net liquidity at $4.2T · +1.7% over 28 days Week of Apr 16, 2016 · net liquidity at $4.2T · +0.6% over 28 days Week of May 14, 2016 · net liquidity at $4.1T · −2.7% over 28 days Week of Jun 11, 2016 · net liquidity at $4.2T · +1.4% over 28 days Week of Jul 9, 2016 · net liquidity at $4.1T · −2.3% over 28 days Week of Aug 6, 2016 · net liquidity at $4.1T · +0.7% over 28 days Week of Sep 3, 2016 · net liquidity at $4.1T · −0.6% over 28 days Week of Oct 1, 2016 · net liquidity at $3.8T · −6.5% over 28 days Week of Oct 29, 2016 · net liquidity at $3.9T · +1.6% over 28 days Week of Nov 26, 2016 · net liquidity at $3.9T · +1.5% over 28 days Week of Dec 24, 2016 · net liquidity at $3.8T · −4.5% over 28 days Week of Jan 21, 2017 · net liquidity at $4.0T · +5.0% over 28 days Week of Feb 18, 2017 · net liquidity at $4.0T · +2.1% over 28 days Week of Mar 18, 2017 · net liquidity at $4.2T · +4.5% over 28 days Week of Apr 15, 2017 · net liquidity at $4.3T · +0.8% over 28 days Week of May 13, 2017 · net liquidity at $4.1T · −3.4% over 28 days Week of Jun 10, 2017 · net liquidity at $4.2T · +1.1% over 28 days Week of Jul 8, 2017 · net liquidity at $4.1T · −1.4% over 28 days Week of Aug 5, 2017 · net liquidity at $4.2T · +2.4% over 28 days Week of Sep 2, 2017 · net liquidity at $4.2T · −0.5% over 28 days Week of Sep 30, 2017 · net liquidity at $4.1T · −2.3% over 28 days Week of Oct 28, 2017 · net liquidity at $4.2T · +2.1% over 28 days Week of Nov 25, 2017 · net liquidity at $4.2T · +1.7% over 28 days Week of Dec 23, 2017 · net liquidity at $4.2T · −1.4% over 28 days Week of Jan 20, 2018 · net liquidity at $4.2T · +0.3% over 28 days Week of Feb 17, 2018 · net liquidity at $4.2T · +0.5% over 28 days Week of Mar 17, 2018 · net liquidity at $4.2T · −1.3% over 28 days Week of Apr 14, 2018 · net liquidity at $4.1T · −1.6% over 28 days Week of May 12, 2018 · net liquidity at $4.0T · −2.1% over 28 days Week of Jun 9, 2018 · net liquidity at $4.0T · +0.5% over 28 days Week of Jul 7, 2018 · net liquidity at $3.9T · −1.8% over 28 days Week of Aug 4, 2018 · net liquidity at $3.9T · −1.1% over 28 days Week of Sep 1, 2018 · net liquidity at $3.9T · −0.7% over 28 days Week of Sep 29, 2018 · net liquidity at $3.8T · −2.1% over 28 days Week of Oct 27, 2018 · net liquidity at $3.8T · +0.2% over 28 days Week of Nov 24, 2018 · net liquidity at $3.8T · −1.1% over 28 days Week of Dec 22, 2018 · net liquidity at $3.7T · −1.0% over 28 days Week of Jan 19, 2019 · net liquidity at $3.7T · −0.7% over 28 days Week of Feb 16, 2019 · net liquidity at $3.7T · −0.8% over 28 days Week of Mar 16, 2019 · net liquidity at $3.7T · +1.6% over 28 days Week of Apr 13, 2019 · net liquidity at $3.7T · −1.4% over 28 days Week of May 11, 2019 · net liquidity at $3.5T · −3.6% over 28 days Week of Jun 8, 2019 · net liquidity at $3.6T · +2.2% over 28 days Week of Jul 6, 2019 · net liquidity at $3.6T · −1.7% over 28 days Week of Aug 3, 2019 · net liquidity at $3.6T · +1.4% over 28 days Week of Aug 31, 2019 · net liquidity at $3.6T · +0.1% over 28 days Week of Sep 28, 2019 · net liquidity at $3.5T · −2.1% over 28 days Week of Oct 26, 2019 · net liquidity at $3.6T · +1.5% over 28 days Week of Nov 23, 2019 · net liquidity at $3.6T · +1.3% over 28 days Week of Dec 21, 2019 · net liquidity at $3.8T · +4.4% over 28 days Week of Jan 18, 2020 · net liquidity at $3.8T · +0.8% over 28 days Week of Feb 15, 2020 · net liquidity at $3.8T · −1.4% over 28 days Week of Mar 14, 2020 · net liquidity at $3.9T · +3.7% over 28 days Week of Apr 11, 2020 · net liquidity at $5.4T · +37.6% over 28 days Week of May 9, 2020 · net liquidity at $5.6T · +4.0% over 28 days Week of Jun 6, 2020 · net liquidity at $5.7T · +2.5% over 28 days Week of Jul 4, 2020 · net liquidity at $5.4T · −6.6% over 28 days Week of Aug 1, 2020 · net liquidity at $5.1T · −4.1% over 28 days Week of Aug 29, 2020 · net liquidity at $5.4T · +4.6% over 28 days Week of Sep 26, 2020 · net liquidity at $5.4T · +0.8% over 28 days Week of Oct 24, 2020 · net liquidity at $5.5T · +0.7% over 28 days Week of Nov 21, 2020 · net liquidity at $5.7T · +4.2% over 28 days Week of Dec 19, 2020 · net liquidity at $5.8T · +2.6% over 28 days Week of Jan 16, 2021 · net liquidity at $5.7T · −1.5% over 28 days Week of Feb 13, 2021 · net liquidity at $5.8T · +1.6% over 28 days Week of Mar 13, 2021 · net liquidity at $6.2T · +6.4% over 28 days Week of Apr 10, 2021 · net liquidity at $6.7T · +7.4% over 28 days Week of May 8, 2021 · net liquidity at $6.7T · +0.5% over 28 days Week of Jun 5, 2021 · net liquidity at $6.7T · −0.4% over 28 days Week of Jul 3, 2021 · net liquidity at $6.6T · −1.3% over 28 days Week of Jul 31, 2021 · net liquidity at $6.7T · +1.0% over 28 days Week of Aug 28, 2021 · net liquidity at $6.9T · +4.3% over 28 days Week of Sep 25, 2021 · net liquidity at $6.8T · −1.6% over 28 days Week of Oct 23, 2021 · net liquidity at $7.0T · +2.8% over 28 days Week of Nov 20, 2021 · net liquidity at $6.9T · −2.0% over 28 days Week of Dec 18, 2021 · net liquidity at $7.0T · +1.7% over 28 days Week of Jan 15, 2022 · net liquidity at $6.7T · −4.3% over 28 days Week of Feb 12, 2022 · net liquidity at $6.6T · −2.1% over 28 days Week of Mar 12, 2022 · net liquidity at $6.7T · +2.0% over 28 days Week of Apr 9, 2022 · net liquidity at $6.6T · −0.9% over 28 days Week of May 7, 2022 · net liquidity at $6.1T · −7.2% over 28 days Week of Jun 4, 2022 · net liquidity at $6.1T · −0.2% over 28 days Week of Jul 2, 2022 · net liquidity at $5.8T · −5.1% over 28 days Week of Jul 30, 2022 · net liquidity at $6.0T · +3.8% over 28 days Week of Aug 27, 2022 · net liquidity at $6.1T · +1.3% over 28 days Week of Sep 24, 2022 · net liquidity at $5.8T · −5.9% over 28 days Week of Oct 22, 2022 · net liquidity at $5.9T · +2.4% over 28 days Week of Nov 19, 2022 · net liquidity at $6.0T · +1.8% over 28 days Week of Dec 17, 2022 · net liquidity at $6.1T · +1.6% over 28 days Week of Jan 14, 2023 · net liquidity at $5.9T · −2.8% over 28 days Week of Feb 11, 2023 · net liquidity at $5.9T · −0.8% over 28 days Week of Mar 11, 2023 · net liquidity at $5.8T · −1.8% over 28 days Week of Apr 8, 2023 · net liquidity at $6.3T · +8.8% over 28 days Week of May 6, 2023 · net liquidity at $6.0T · −4.7% over 28 days Week of Jun 3, 2023 · net liquidity at $6.2T · +3.1% over 28 days Week of Jul 1, 2023 · net liquidity at $6.0T · −2.6% over 28 days Week of Jul 29, 2023 · net liquidity at $6.0T · −0.9% over 28 days Week of Aug 26, 2023 · net liquidity at $6.0T · +0.5% over 28 days Week of Sep 23, 2023 · net liquidity at $5.9T · −1.1% over 28 days Week of Oct 21, 2023 · net liquidity at $6.1T · +2.2% over 28 days Week of Nov 18, 2023 · net liquidity at $6.2T · +1.7% over 28 days Week of Dec 16, 2023 · net liquidity at $6.3T · +2.4% over 28 days Week of Jan 13, 2024 · net liquidity at $6.3T · +0.0% over 28 days Week of Feb 10, 2024 · net liquidity at $6.3T · −0.3% over 28 days Week of Mar 9, 2024 · net liquidity at $6.3T · +0.7% over 28 days Week of Apr 6, 2024 · net liquidity at $6.2T · −1.6% over 28 days Week of May 4, 2024 · net liquidity at $6.0T · −3.5% over 28 days Week of Jun 1, 2024 · net liquidity at $6.1T · +1.9% over 28 days Week of Jun 29, 2024 · net liquidity at $5.9T · −3.2% over 28 days Week of Jul 27, 2024 · net liquidity at $6.1T · +2.0% over 28 days Week of Aug 24, 2024 · net liquidity at $6.1T · +0.5% over 28 days Week of Sep 21, 2024 · net liquidity at $6.0T · −1.0% over 28 days Week of Oct 19, 2024 · net liquidity at $6.0T · −0.7% over 28 days Week of Nov 16, 2024 · net liquidity at $5.9T · −1.1% over 28 days Week of Dec 14, 2024 · net liquidity at $6.0T · +0.6% over 28 days Week of Jan 11, 2025 · net liquidity at $6.0T · +1.3% over 28 days Week of Feb 8, 2025 · net liquidity at $5.9T · −1.8% over 28 days Week of Mar 8, 2025 · net liquidity at $6.1T · +2.6% over 28 days Week of Apr 5, 2025 · net liquidity at $6.2T · +2.2% over 28 days Week of May 3, 2025 · net liquidity at $6.0T · −4.1% over 28 days Week of May 31, 2025 · net liquidity at $6.0T · +1.4% over 28 days Week of Jun 28, 2025 · net liquidity at $6.0T · +0.1% over 28 days Week of Jul 26, 2025 · net liquidity at $6.2T · +2.6% over 28 days Week of Aug 23, 2025 · net liquidity at $6.1T · −2.1% over 28 days Week of Sep 20, 2025 · net liquidity at $5.8T · −3.9% over 28 days Week of Oct 18, 2025 · net liquidity at $5.8T · −1.0% over 28 days Week of Nov 15, 2025 · net liquidity at $5.6T · −2.7% over 28 days Week of Dec 13, 2025 · net liquidity at $5.7T · +1.0% over 28 days Week of Jan 10, 2026 · net liquidity at $5.8T · +1.7% over 28 days Week of Feb 7, 2026 · net liquidity at $5.7T · −1.4% over 28 days Week of Mar 7, 2026 · net liquidity at $5.8T · +1.7% over 28 days Week of Apr 4, 2026 · net liquidity at $5.8T · +0.6% over 28 days Week of May 2, 2026 · net liquidity at $5.7T · −2.0% over 28 days Week of May 30, 2026 · net liquidity at $5.9T · +2.9% over 28 days Week of Jun 27, 2026 · net liquidity at $5.8T · −1.1% over 28 days Week of Jul 25, 2026 · net liquidity at $5.9T · +1.8% over 28 days Week of Aug 22, 2026 · net liquidity at $5.8T · −2.1% over 28 days Week of Sep 19, 2026 · net liquidity at $5.9T · +1.3% over 28 days Week of Oct 14, 2026 · net liquidity at $5.9T · +0.2% over 28 days $5.9T
Days and stretches count the days with 30 days after them; a stretch ends after 7 days out of its band. Today's band is marked. Each band against all the other days over the same hold, with its luck test under it (✓ past the bar, both halves of the days agreeing; the halves on hover):
The Fed's liquidity adding fast (2.1% or more in 28 days) came on 929 days in 71 separate stretches, the last on Jul 30, 2026. Bitcoin bought at the close of one of those days rose over the next 30 days 64% of the time (+4.9% in the middle case, +8.9% on average): +4.3% against the other days, +6.0% in the older half of the days and +3.2% in the newer. A luck test of 1.4, not past the bar of 3.0: 56 holds that share no day, and a few long waves decide the average.
The Fed's liquidity draining fast (−2.1% or less in 28 days) came on 789 days in 66 separate stretches, the last on Aug 27, 2026. Bitcoin bought at the close of one of those days rose over the next 30 days 56% of the time (+3.6% in the middle case, +6.3% on average): +1.1% against the other days, +6.2% in the older half of the days and −2.5% in the newer. A luck test of 0.4, not past the bar of 3.0: 50 holds that share no day, and a few long waves decide the average.
§ 04 · How it is tested
How it is tested
Oct 15, 2026 · methodology
A luck test (t) says how far a result sits from zero, in units of its own noise: about 2 is rarely luck for one test, but many tests at once need more, which is what the first cut is for.
A month's M2 is out about four weeks after the month ends (the Fed's H.6 release, on the fourth Tuesday of the month after), so each close reads the newest month dated at least 60 days before it, and its growth is set against the same month a year earlier: nothing read early. That matters for the famous chart: one that slides M2 ten weeks forward to line it up with Bitcoin compares Bitcoin with a number nobody had yet for most of those weeks. The Fed's balance sheet and the Treasury's account are out the day after each Wednesday's reading and the reverse repo the same afternoon; each close here reads them two days late.
Neighbouring days share most of their 30, 90 or 180 days, so the luck test does not count them as fresh evidence: each calendar day weighs in by how many of the band's holds, and of the other days', cover it, so a band counts as the holds that share no day, and each band is set against all the other days over the same hold, which takes out the years Bitcoin simply rose. With 11 tests on M2 (four bands, three holds), a result needs a luck test of 3.0 or more and both halves of the days on its side; the Fed's liquidity is its own 8 tests, with a bar of 3.0.
The bands were set before any number here was read: M2 shrinking, growing slowly (under 5% a year), as usual (5% to 10%, about its pace before 2020), fast (10% or more); the Fed's liquidity draining fast (2.1% or more down in 28 days), draining, adding, adding fast (2.1% or more up). The money supply turns in a few long waves - the flood of 2020 and 2021, then in 2023 its first shrinking on the Fed's record, which starts in 1959 - so each band comes in a few long stretches. Moves are Bitcoin's own price, before trading costs.
§ 05 · Revisions 1 dated
Revisions
Oct 15, 2026 · every change to its headline numbers, dated
This study is re-run every night on the whole history: Bitcoin's daily closes from Jan 1, 2014 to Aug 16, 2017 are Bitstamp's, Europe's oldest exchange, and ours from the next day on (on the 3,346 days both have, the two closes differ by 0.06% in the middle case). It was first written on Oct 15, 2026; its numbers last moved on Oct 15, 2026. Each night its headline numbers moved is listed here, newest first.
Oct 15, 2026 Bitcoin over the next 90 days against the other days: after M2 growing fast +8% · after M2 shrinking 0%
§ 06 · More
More research
Oct 15, 2026