# XPOWERFLOW Daily Liquidity Read — 2026-06-22

- URLI: -66.50
- Projected URLI: +43.50
- Bias: bearish
- Read-through: confirming

## Update cadence
- Weekly liquidity tanks (TGA, Fed B/S, Reserves, RRP, US Net Cash, Risk Assets): weekly, Fed H.4.1 / FRED.
- Daily TGA/RRP events: daily DTS/FRED display layer when cache is available.
- Crypto Beta and Meme Beta market cap: daily, CoinGecko.
- This brief regenerates every morning (UTC 13:00) for the prior session.

## Daily Macro Overlay
- Daily TGA: calibrating / unavailable (d)
- Daily RRP: +$3.7B (d)

## Source Tanks
- TGA: level 92.7%, last week 70.4%, 3m avg 78.6%, Δ7d +$155.4B, effect drain (as of 2026-06-19)
- Fed B/S: level 100.0%, last week 94.5%, 3m avg 84.5%, Δ7d +$11.0B, effect add (as of 2026-06-19)
- Bank reserves: level 19.8%, last week 51.8%, 3m avg 39.0%, Δ7d -$175.1B, effect drain (as of 2026-06-19)
- RRP: level 10.5%, last week 5.0%, 3m avg 8.5%, Δ7d +$18.3B, effect drain (as of 2026-06-19)

## Downstream Flow
- US Net Cash: -162.7B, level 38.9%, last week 69.2%, 3m avg 52.6%, effect drain, weekly H.4.1/FRED (as of 2026-06-19)
- Risk Assets: URLI -66.5, level 5.0%, last week 83.0%, 3m avg 50.5%, effect drain, weekly URLI-Core %ile (as of 2026-06-19)
- Crypto Beta: $2.29T, level 50.0%, last week n/a, 3m avg n/a, effect drain, daily CoinGecko (as of 2026-06-22) [calibrating — history building]
- Meme Beta: $30B, level 50.0%, last week n/a, 3m avg n/a, effect drain, daily CoinGecko (as of 2026-06-22) [calibrating — history building]

## Events
No major liquidity event today; see the daily macro overlay above.

URLI is -66.50 (Bearish liquidity contraction); projected URLI is +43.50 next week. Daily TGA TBD; daily RRP +$3.7B.