Net liquidity proxy - Fed balance sheet minus reverse repo and Treasury account balances
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.
Source: Calculated (Fed Balance - RRP - TGA). Updated: Hourly.
API: GET /api/metrics/net-liquidity