What Is TBL Liquidity?

In this episode, Nik explains why Bitcoin rallied on the news that the U.S. government may soon reopen. He breaks down how Treasury spending, reserves, and deposits move through the financial system, eventually fueling Bitcoin demand. Using a simple four-balance-sheet setup, Nik teaches how TBL Liquidity connects government spending, bank balance sheets, and Bitcoin’s price performance.

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Nik Bhatia's Twitter: https://twitter.com/timevalueofbtc
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Lead Statistician Augustine Carrasco Twitter: https://x.com/AugustineCarrB

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