"Liquidity is never trapped: it waves no flag, knows no boundaries and shifts all too rapidly between markets and asset classes. The key idea of Global Liquidity cycle is that economic cycles are driven by financial flows, namely quantities of savings and credits, and not by high street inflation or the level of interest rates. " - Capital Wars
In essence, liquidity can be expressed algebraically through the standard budget constraint, which captures the private sector’s funding decisions: Income = spending + net acquisitions of financial assets
banks and non financial institutions create liquidity through credit expansion, leverage and refinancing. credit providers' willingness to lend sets the tone for overall balance sheet capacity; mainly funding liquidity (measure of cash flow) and market liquidity (measure of market depth)
central banks enjoy a unique priviledge: they can supply liquidity at will, at a fixed policy rate, via two channels: interest rates and 'forward guidance' policies & changes to the size and composition of the central bank's balance sheet.
The US dollar’s dominance in pricing both global trade and capital means that dollar shocks transmit rapidly across borders. Many emerging markets, especially China, peg or shadow the dollar, amplifying the impact of US monetary expansions and contractions. Dollar-based carry trades further intensify these dynamics, reinforcing the procyclical effects of global liquidity through cross-border capital flows.
"Fiscal dominance is an economic condition that occurs when a country’s debt and deficit levels are sufficiently high that monetary policy ceases to be an effective tool for controlling inflation. In fact, persistently high interest rates in an environment of perpetually large deficits actually risk exacerbating inflation."
Easy money inflates asset prices faster than consumer goods.
By inflating the money supply or devaluing exchange rates, governments erode purchasing power without explicit taxation. It’s inflation in disguise—redistributing wealth from savers to debtors and the state.
By capping interest rates or managing bond yields, policymakers suppress borrowing costs to sustain high debt levels.
Governments under fiscal strain may restrict capital flows, impose forced savings.
allocate capital based on conviction and risk tolerance to minimize outsize losses.
stress-test portfolios across potential outcomes to anticipate risks and uncover hidden opportunities.
protect digital assets with best practices in wallet management, hardware security and redundancy.
Balancing long and short exposures to neutralize market direction, while capturing returns from volatility and relative value.
A suite of on-chain charts to help you navigate the volatility and market cycles, by tracking network activity, investor positioning, and capital flows. These charts reveal the contrasting behaviors of short-term holders, who react quickly to price swings, and long-term holders, who anchor the market with conviction. Together, they provide a real-time map of sentiment, risk, and opportunity across Bitcoin’s shifting landscape.
Gauges if Bitcoin is trading above or below holders’ cost basis, helping identify overheated or undervalued conditions.
Tracks whether recent buyers are selling at a profit or loss, showing short-term sentiment and capitulation risk.
Aggregates paper gains and losses across the network, signaling where market participants sit in the cycle.
Derivative market indicator of trader positioning; persistent positive or negative rates highlight leveraged imbalances.
We constantly explore cutting-edge technologies to create smarter, scalable, and future-ready digital solutions that keep your business ahead of the curve.
We believe in clear communication, regular updates, and full visibility throughout the project, building trust through honesty and openness.
Every line of code and design detail goes through rigorous quality checks to ensure long-term performance, stability, and satisfaction.
We work closely with you at every stage, combining your vision with our expertise to build something truly impactful together.
