Net liquidity proxy - Fed balance sheet minus reverse repo and Treasury account balances
Net liquidity is the most-watched macro indicator for Bitcoin and risk assets. It measures the actual money available in the financial system by taking the Federal Reserve balance sheet and subtracting the reverse repo facility (RRP) and Treasury General Account (TGA). When net liquidity rises, risk assets tend to rally. When it falls, markets tighten. PreReason tracks net liquidity daily with trend analysis, momentum signals, and percentile rankings.
Why: Fed balance minus RRP minus TGA. The single most watched macro metric for Bitcoin. Rising net liquidity is the strongest macro tailwind.
Category: calculated. Derived metrics combine multiple data sources into single indicators. These are computed server-side so you get the interpreted signal without building the calculation yourself.