FP-NLI
● BALANCED CONSOLIDATION (SELECTIVE BETA)
FinPulse Net Systemic Liquidity Index
TARGET: Trillions USD • UPDATE: REAL-TIME / DAILY
CALCULATION FORMULA:
Fed Total Assets (WALCL) - Treasury General Account (WTREGEN) - Overnight Reverse Repo (RRPONTSYD)
INSTITUTIONAL MARKET IMPLICATION: Net Federal Reserve liquidity remains near $5.87T, maintaining a neutral macro transmission regime for crypto and equity risk premiums without acute liquidity drain.
UNDERLYING TELEMETRY:
FED TOTAL ASSETS:
$6.755T
TGA OPERATING CASH:
$883.37B
OVERNIGHT REVERSE REPO:
$0.237B
NET SYSTEMIC LIQUIDITY:
$5.872T
🔬 Computed daily using active Federal Reserve Economic Data (FRED) observations.
JSON Telemetry →
FP-TLG
● CATCH-UP ACCELERATION ACTIVE
FinPulse Transmission Lag Gap Index
TARGET: Index Points (0-100) • UPDATE: REAL-TIME / DAILY
CALCULATION FORMULA:
Composite lead-lag divergence across 4 canonical transmission channels (M2->BTC 65d, 2Y->Fed 42d, HY OAS->SPX 21d, CRB->10Y 28d)
INSTITUTIONAL MARKET IMPLICATION: Transmission gap index shows lagging markets actively repricing toward their historical lead trajectories, especially in macro liquidity sensitive assets.
CANONICAL TRANSMISSION CHANNELS:
BTC
(Global M2)
Gap: +14.2%
BULLISH EXPANSION
FED
(US 2-Year Yield)
Gap: -54 bps
RATE CUT DRAG
SPX
(HY Credit OAS)
Gap: +3.8%
NEUTRAL RISK PREMIUM
US10Y
(CRB Commodity Momentum)
Gap: +18 bps
YIELD STEEPENING
🔬 Continuous evaluation against rolling econometric regression curves with α = 0.05 null hypothesis refutation.
JSON Telemetry →
FP-MEPI
● DORMANT MEMPOOL (MINIMAL BASE VOLATILITY)
FinPulse Mempool Economic Pressure Index
TARGET: Stress Score (0-100) • UPDATE: REAL-TIME / DAILY
CALCULATION FORMULA:
(Unconfirmed_Txs / 1000) * 0.4 + (Fastest_Fee_sat_vB * 1.5) + (Congestion_Ratio * 20)
INSTITUTIONAL MARKET IMPLICATION: Low base layer on-chain clearing fees indicate organic spot settling with minimal speculative network congestion, presenting a clean baseline for institutional accumulation.
UNDERLYING TELEMETRY:
UNCONFIRMED TRANSACTIONS:
14,850 txs
CLEARING FEE FASTEST:
3 sat/vB
HALF HOUR FEE:
2 sat/vB
MEMPOOL VSIZE MB:
18.4 MB
🔬 Direct real-time sampling from Bitcoin core mempool RPC telemetry.
JSON Telemetry →
FP-CMLD
● ORGANIC SPOT EQUILIBRIUM
FinPulse Cross-Market Leverage Dislocation Score
TARGET: Skew Score (-100 to +100) • UPDATE: REAL-TIME / DAILY
CALCULATION FORMULA:
((Perpetual_Funding_Rate_8h_pct * 1000) * 0.6) + ((OI_BTC / 100000 - 1) * 30)
INSTITUTIONAL MARKET IMPLICATION: Derivatives funding remains neutral to slightly negative with Open Interest stabilizing, eliminating short-term liquidation cascade risk and favoring spot price discovery.
UNDERLYING TELEMETRY:
BTC OPEN INTEREST COINS:
92,852 BTC
BTC OPEN INTEREST USD:
$7.61B
PERPETUAL FUNDING RATE 8H:
-0.0014%
ANNUALIZED FUNDING COST:
-1.53%
🔬 Real-time orderflow and funding rate polling from major crypto perpetual venues.
JSON Telemetry →
FP-TRG
● OVERLY RESTRICTIVE (MONETARY DRAG)
FinPulse Real-Time Taylor Rule Policy Gap
TARGET: Basis Points (bps) • UPDATE: REAL-TIME / DAILY
CALCULATION FORMULA:
Current Effective Fed Funds Rate (EFFR) - Mathematical Taylor Target (r* + Pi + 0.5*(Pi - 2.0) + 0.5*OutputGap)
INSTITUTIONAL MARKET IMPLICATION: The Federal Reserve's target rate is currently 28 bps above the optimal Taylor Rule rate and 54 bps above the 2-Year bond market, exerting ongoing pressure on commercial bank net interest margins and commercial real estate debt.
UNDERLYING TELEMETRY:
EFFECTIVE FED RATE:
4.83%
TAYLOR MODEL RATE:
4.55%
US 2Y YIELD MARKET:
4.29%
RESTRICTION EXCESS:
+28 bps above neutral
🔬 Formulated using quarterly FRED Core PCE inflation releases and St. Louis Fed potential GDP output series.
JSON Telemetry →
FP-SOV
● STRUCTURAL FISCAL DOMINANCE
FinPulse Sovereign Debt & Stablecoin Float Telemetry
TARGET: Trillions USD • UPDATE: REAL-TIME / DAILY
CALCULATION FORMULA:
Official US Public Debt to Penny, Treasury Cash, and Global Dollar Stablecoin Float
INSTITUTIONAL MARKET IMPLICATION: Private dollar stablecoins now equal over 27% of the US Treasury's entire operating cash balance, establishing crypto dollar rails as a systemic sovereign liquidity buffer and major buyer of short-term T-bills.
UNDERLYING TELEMETRY:
TOTAL US PUBLIC DEBT:
$40.44T
TREASURY OPERATING CASH:
$965.0B
GLOBAL DOLLAR STABLECOINS:
$262.1B
STABLECOIN SHARE OF TREASURY CASH:
27.16%
USDT MARKET CAP:
$182.6B
USDC MARKET CAP:
$72.6B
🔬 Direct daily feeds from fiscaldata.treasury.gov and DefiLlama audited stablecoins protocol aggregator.
JSON Telemetry →