FED liq bil daily

Estimated Fed net liquidity. When it rises, liquidity conditions are looser; when it falls, conditions tighten.

Emerging Markets

U.S. dollar index versus a basket of emerging-market currencies. Higher values mean a stronger USD vs EM.

Buisness Activity

U.S. business activity proxy. Higher values suggest stronger economic activity.

Value Liquidity

Liquidity-based fair value for BTC. Dotted lines are the 1 SD and 2 SD deviation bands around fair value.

Value ML Macro

Machine-learned fair value from macro inputs. Dotted bands show 1 SD and 2 SD ranges around the fair value line.

Value ML Liquidity

Machine-learned fair value from liquidity inputs. Dotted bands show 1 SD and 2 SD ranges around the fair value line.