Crypto Liquidity Composite
Liquidity· DE: Krypto-Liquiditäts-Composite
A descriptive STATE of crypto-internal liquidity inflows: three channels (stablecoin supply, spot-ETF net flows, realized-cap change), each as a 30-day impulse placed in its own expanding trailing percentile, averaged equal-weight to one 0–100 composite. The state (expanding / neutral / contracting) is the tercile of the composite's OWN trailing history. Composition is declared per day (n_components); missing channels are never filled. NOT a fair value, NOT a cycle phase, NOT a signal: BTC is not cointegrated with central-bank liquidity, and for crypto-internal liquidity cointegration is unmeasured and not asserted.
Calculation
composite_pct = mean(pct_i) × 100 over available components; pct_i = expanding trailing percentile (≥365 obs) of the 30-day impulse; state = tercile of the composite's own expanding percentile (≥2/3 expanding, ≤1/3 contracting), only if n_components ≥ 2; breadth = #components in upper tercile / lower tercile; dispersion = population std-dev of pct_i in percentile points.
Unit & source
percentile · tradingstrategies.work Liquidity-Composite methodology (spec-btc-liquidity-composite-v1)
Values: expanding, neutral, contracting, not_applicable
Related terms
Knowledge objects measuring this
Definitions are for research and education. Metrics describe market conditions — not financial advice or a buy/sell signal.