#Bitcoin #BTC — U.S. liquidity is briefly turning upward. 👀 For short-term context, I’m analyzing the period from June 17 to July 15, 2026. Over these four weeks, adjusted U.S. net liquidity rose from approximately $5.77 trillion to $5.95 trillion. 📈 Change: +$174 billion, or +3.0% Internal signals have improved significantly: ▪️ 21-day impulse: ~+$213 billion ▪️ Z-score: ~+1.12 ▪️ MA20 has risen above MA80 This suggests a more favorable liquidity environment for risk assets like $BTC in the short term. However, it’s crucial to understand the source of this impulse: 🏦 Fed balance sheet: only ~+$7 billion 🏛️ TGA: ~−$161 billion 🔄 RRP: nearly fully drained This is not new QE☝️ Most of this liquidity emerged because the U.S. Treasury shifted funds from its account back into the market. This is also where the risk lies: if the TGA is replenished, this tailwind could vanish quickly. Since the interim high on July 10, net liquidity has already declined by ~$50 billion. Short-term, this is constructive—but fragile. Liquidity improves the environment for #Bitcoin, but it does not replace confirmation from price structure and market breadth. Let’s go 💪 Knowledge is wealth. Recognize trends. Act with foresight. TSC | Trend Serra Capital