Fed Net Liquidity Z-Score • Trend Regime (30v150)
WALCL – TGA – RRP , normalized and z-scored (Δ365). BTC on top, liquidity Z on bottom. Background flips green when Z-30D > Z-150D (easing), red when not (tightening).
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Fed Net Liquidity Z-Score • Trend Regime (30v150) is designed to track how U.S. Federal Reserve liquidity conditions influence Bitcoin’s macro cycle .
By combining key Fed balance sheet inputs — WALCL (assets) – TGA (Treasury cash balance) – RRP (reverse repos) — this chart produces a normalized, 365-day Z-Score to measure liquidity shifts over time.
The tool applies a 30-day moving average and a 150-day moving average to the Net Liquidity Z-Score, highlighting short-term momentum vs. longer-term regime trends.
When the 30DMA rises above the 150DMA , the background shades green to mark easing liquidity and a supportive environment for Bitcoin risk-on behavior.
When the 30DMA falls below the 150DMA , it shades red to signal tightening liquidity, often associated with headwinds for Bitcoin and broader risk assets.
This visualization offers traders and macro analysts a clear, data-driven framework to connect Fed liquidity cycles with Bitcoin’s price dynamics.
Here are some related charts that might be of interest to also incorporate: Macro Risk Matrix and Bitcoin M2 YoY Regime .