₿ Macro Dashboard
Bitcoin • Gold • Liquidity
₿ Bitcoin / Gold Ratio
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ounces of gold per BTC
📈 BTC/Gold Ratio (90 Days)
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💰 Current Prices
Bitcoin (BTC)
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Gold (XAU/oz)
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Silver (XAG/oz)
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📊 Power Law Position
Fair Value
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Current vs Fair
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Undervalued
Fair
Overvalued
🌊 Fed Net Liquidity
Fed Balance Sheet
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− Reverse Repo (RRP)
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− Treasury (TGA)
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= Net Liquidity
$--
💡 Net Liquidity = Fed Balance Sheet − RRP − TGA
Bitcoin correlates strongly with Fed liquidity flows.
💵 Global M2 Money Supply (US Proxy)
US M2 (Latest)
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Year-over-Year Change
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Trend
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⏱️ ~10-week lag: M2 expansion tends to lead BTC price by ~10 weeks (per Jordi Visser).
Uses FRED series WM2NS (US M2) as proxy for global liquidity.
💻 BTC vs Software Stocks (IGV)
0.73
30d BTC/IGV Correlation
Jordi Visser's Thesis
Market currently treats BTC as "open-source software" — selling it alongside SaaS stocks.
Bull case: BTC decouples when market realizes it's scarce, not software.
Data: ByteTree, Feb 2026. 30-day rolling correlation between BTC and iShares Expanded Tech-Software ETF (IGV).
🏭 ISM Manufacturing PMI
💡 PMI > 50 = expansion, < 50 = contraction
ISM data is proprietary — links to free sources above
📈 Market Context
Gold market cap: ~$17T | BTC market cap: ~$1.7T
BTC = ~10% of gold. Room to grow? 🚀
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