NOCASHFLOW

WEEKLY DEEP DIVE

Strategic Liquidity, Macro Themes & Crypto Rotation
Sun, Jun 14 2026
THREE THEMES OF THE WEEK
THEME 1: 🌍 FEAR WAVE
Fear & Greed index at 18 shows 'extreme fear' signal. Coinbase premium at -0.4% reflects US investor selling pressure. VIX decline to 17.6 shows crypto volatility diverging from traditional markets.
THEME 2: 💧 FOMC ANTICIPATION
Markets cautious ahead of June 17 Fed meeting. Rates expected to hold at 3.75% but economic projections and Powell's remarks will shape liquidity outlook. Market positioning defensive pre-meeting.
THEME 3: 🪙 GOLD RALLY
Gold surged 3.6% daily to $4,238 level. DXY decline to 99.75 and geopolitical uncertainties boost safe haven demand. BTC-Gold correlation remains at 0.30 level.
NEXT WEEK
Date Time Event Country Prev Cons Actual
17 Jun Wed 8:30 AM
Core Retail Sales MoM
USD 0.7% 0.5%
17 Jun Wed 8:30 AM
Retail Sales MoM
USD 0.5% 0.5%
17 Jun Wed 2:00 PM
Federal Funds Rate
USD 3.75% 3.75%
17 Jun Wed 2:00 PM
FOMC Economic Projections
USD
17 Jun Wed 2:00 PM
FOMC Statement
USD
18 Jun Thu 8:30 AM
Philly Fed Manufacturing Index
USD -0.4 11.4
18 Jun Thu 8:30 AM
Unemployment Claims
USD 229K 225K
Weekly Outlook & Strategy: FOMC decision and Powell press conference critical. Retail sales data and Philly Fed index important for macro momentum. Technically, $61.4K support level key.
LIQUIDITY REGIME
US Federal Reserve Net Liquidity (3-Year Weekly)
$5.54T $5.84T $6.14T $6.44T Jun 23Mar 24Dec 24Sep 25Jun 26
Analyst Note: Fed Net Liquidity rose 0.21% weekly to $6.73T, but monthly decline of -0.05% continues. Despite liquidity increase, market response remains muted.
MACRO SCOREBOARD
DOLLAR INDEX (DXY)
99.75
▼ -0.11%
US 10Y Yield
4.49%
Consolidated
2s10s SPREAD
0.44%
▲ +0.44%
HY Credit Spread
2.78%
+4.0 bps
MOVE Index
69.4
▼ -0.13%
VIX Index
17.7
▼ -9.05%
US Inflation Path (CPI, Core CPI, Core PCE YoY - 5-Year)
0.0% 2.4% 4.7% 7.1% 9.5% 2.0% Target 2021-072022-092023-112025-012026-04
Analyst Note: April CPI at 3.95% exceeded expectations while Core PCE rose to 3.29%. Slowing disinflation path complicates Fed's easing timeline.
EQUITIES & COMMODITIES
Asset Price 24H 7D 30D Trend
AAPL Apple
291.13 ▼ -1.52% ▼ -5.27% ▼ -2.59%
MSFT Microsoft
390.74 ▲ +0.10% ▼ -6.22% ▼ -3.36%
GOOGL Alphabet (Google)
359.68 ▲ +0.53% ▼ -2.34% ▼ -10.61%
AMZN Amazon
238.55 ▼ -1.23% ▼ -3.04% ▼ -11.69%
NVDA NVIDIA
205.19 ▲ +0.16% ▲ +0.04% ▼ -9.03%
META Meta
566.98 ▼ -0.26% ▼ -4.39% ▼ -8.05%
TSLA Tesla
406.43 ▲ +1.82% ▲ +3.95% ▼ -8.72%
Asset Price 24H 7D 30D Trend
XAU Gold
$4,238.80 ▲ +3.63% ▼ -2.27% ▼ -9.77%
XAG Silver
$67.97 ▲ +6.40% ▼ -1.41% ▼ -23.53%
HG Copper
$6.45 ▲ +2.97% ▲ +2.90% ▼ -2.87%
NG Natural Gas
$3.12 ▲ +1.07% ▼ -3.38% ▲ +8.94%
CC Cocoa
$3,979.00 ▲ +7.25% ▲ +5.77% ▼ -7.66%
KC Coffee
$257.20 ▲ +1.28% ▲ +4.34% ▼ -13.18%
BZ Brent Oil
$87.33 ▼ -3.37% ▼ -6.19% ▼ -17.32%
S&P 500 Sectors
Materials
XLB
▲ +1.87%
Financials
XLF
▲ +1.37%
Utilities
XLU
▲ +1.09%
Real Estate
XLRE
▲ +0.98%
Technology
XLK
▲ +0.87%
Energy
XLE
▲ +0.75%
Consumer Staples
XLP
▲ +0.65%
Industrials
XLI
▲ +0.59%
Consumer Discret.
XLY
▲ +0.26%
Health Care
XLV
▼ -0.18%
Communication
XLC
▼ -0.42%
BTC vs NDX vs GOLD (YTD Performance)
BTC (YTD: -28.1%) NDX (YTD: +17.6%) GOLD (YTD: -1.8%)
-34.1% -19.1% -4.1% +11.0% +26.0% JanFebMarMayJun
TURKEY DESK
BIST 100
13,938
▲ +1.42%
USD/TRY
46.2446
▲ +0.01%
BIST 100 ($ Denom.)
$301.41
▲ +1.41%
CRYPTO DESK
STABLECOIN SUPPLY & SHARE
Stablecoin Market Cap & USDT/USDC Shares (3-Year Weekly)
$113.0B $185.7B $258.5B $331.3B 0% 33% 67% 100% Jun 23Mar 24Dec 24Sep 25Jun 26
SPOT BITCOIN ETF FLOWS
ETF Weekly Net Flows
Week ending 2026-05-31
Weekly Total
-1415.6M
IBIT (BlackRock)
-966.3M
FBTC (Fidelity)
-169.1M
Bitcoin Spot ETF Weekly Net Flows ($ Millions)
31 May +$1416M0-$1416M
Analyst Note: Recent ETF flows at $85.9M positive, with IBIT $57.7M, FBTC $18M showing weak institutional buying pressure. Positive flows not translating to price performance.
WINNERS & LOSERS OF THE WEEK
JUP +8.82% RENDER +4.57% AAVE +4.23% SOL +4.04% HYPE +3.44% TRX -2.87% AVAX -2.71% UNI -1.47% PEPE +0.23% XRP +0.29%
CRYPTO WATCHLIST
Asset Price 1H 24H 7D
BTC 
$63,824.00 ▼ -0.48% ▼ -0.37% ▲ +2.88%
ETH 
$1,662.89 ▼ -0.20% ▼ -0.83% ▲ +2.10%
XRP 
$1.1400 ▼ -0.16% ▼ -0.99% ▲ +0.29%
SOL 
$67.5600 ▼ -0.06% ▼ -0.89% ▲ +4.04%
TRX 
$0.318563 ▲ +0.06% ▲ +0.45% ▼ -2.87%
DOGE 
$0.086401 ▼ -0.16% ▼ -1.48% ▲ +2.15%
HYPE 
$60.2200 ▲ +0.18% ▲ +1.08% ▲ +3.44%
LINK 
$7.8400 ▼ -0.27% ▼ -2.19% ▲ +1.26%
AVAX 
$6.5100 ▼ -0.49% ▼ -3.14% ▼ -2.71%
SUI 
$0.751376 ▲ +0.11% ▼ -2.29% ▲ +0.82%
TON 
$1.7200 ▲ +0.05% ▼ -0.78% ▲ +1.79%
UNI 
$2.4900 ▼ -0.24% ▼ -2.37% ▼ -1.47%
AAVE 
$65.6400 ▼ -0.20% ▼ -1.20% ▲ +4.23%
PEPE 
$0.000003 ▼ -0.46% ▼ -2.50% ▲ +0.23%
RENDER 
$1.7500 ▲ +0.42% ▼ -1.97% ▲ +4.57%
JUP 
$0.168720 ▲ +0.09% ▼ -2.47% ▲ +8.82%
CRYPTO SECTOR ROTATION
Sector Category7D Basket Avg Return
Layer 1 Protocols ▲ +1.21%
DeFi Protocols ▲ +1.34%
AI & Decentralized Compute ▲ +4.57%
Meme Tokens ▲ +1.19%
Analyst Note: Sector rotation shows Materials (1.87%) and Financials (1.36%) leading while Communication (-0.42%) and Healthcare (-0.18%) lag. Cyclical tilt evident.
BITCOIN CYCLE PANEL
Mayer Multiple
0.821
Spot / 200d SMA
200WMA Distance
+2.8%
WMA: $62,022
Drawdown from ATH
-48.9%
ATH: $124,753
BTC Spot Price
$63,727
Real-time
Bitcoin Monthly Return Heatmap (2024-2026)
JanFebMarAprMayJunJulAugSepOctNovDec2024 +0.8% +43.7% +16.6% -15.0% +11.3% -7.1% +3.1% -8.7% +7.4% +10.9% +37.4% -3.1% 2025 +9.6% -17.6% -2.2% +14.1% +11.1% +2.4% +8.1% -6.5% +5.4% -4.0% -17.5% -3.2% 2026 -10.2% -14.8% +1.9% +11.8% -3.6% -13.4%*
* Current month is marked.
CORRELATION MATRIX
Macro & Crypto Assets Correlation Matrix (30-Day Rolling Daily Returns)
BTCBTCNDXNDXGOLDGOLDDXYDXYUS10YUS10Y +1.00 +0.37 +0.30 -0.42 -0.26 +0.37 +1.00 +0.53 -0.58 -0.67 +0.30 +0.53 +1.00 -0.57 -0.22 -0.42 -0.58 -0.57 +1.00 +0.59 -0.26 -0.67 -0.22 +0.59 +1.00
Analyst Note: BTC-NDX correlation rose to 0.372 while BTC-DXY negative correlation strong at -0.424. Gold correlation at 0.303 shows reasonable positive linkage.
FUTURES TERM STRUCTURE & POSITIONING
COINBASE PREMIUM INDEX — 180D
BTC/USD · Coinbase vs Global Spread (24H Bars)
-0.0041%
▼ US selling pressure
-0.004%
24h High
-0.179%
24h Low
17 Dec21 Jan26 Feb03 Apr09 May14 Jun +0.229%0-0.229%
Reading Guide: Positive values indicate US institutional buying pressure. Sustained positive premium is a bullish signal for BTC.
FEAR & GREED
18 EXTREME FEAR
Futures Term Structure
BTC Futures Basis0.00%
ETH Futures Basis0.00%
7D Avg Funding Rates
BTC 7D Avg▲ +0.01%
ETH 7D Avg▲ +0.00%
Open Interest w/w Change
BTC OI Change122.91M
ETH OI Change38.82M

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