Analytics · Market rotation
Liquidity Flow, explained
Which part of the crypto market is gaining ground and which is losing it. The whole market is split into six groups, and each group’s share of the total is read with RSI on a monthly and on a daily chart. What the two timeframes show, why share works better than price, and what a reading cannot tell you.
- Measures
- Market share
- Reading
- RSI(14)
- Timeframes
- Monthly · Daily
- Source
- CoinGecko
six groups, always 100% together
above 50 winning share, below 50 losing it
Liquidity Cycle and Liquidity Wave
with stablecoin supply from DefiLlama
What is Liquidity Flow?
It shows where money sits in the crypto market and how that is shifting. The market is split into six groups, and the page reads each group’s share of the total. Above 50 a group is winning share; below 50 it is giving share away.
The six groups
Bitcoin and Ethereum each form their own group. High Caps are the altcoins inside the overall top 10, Mid Caps ranks 11 to 100 and Low Caps everything below 100. Stablecoins are counted by their total supply. Tokenised real-world products are left out, so a bond token cannot take the place of an altcoin.
Together the six groups are the whole market, so their shares always add up to 100%. That is what makes the measurement useful: one group can only rise when another falls.
Why share and not price
Almost every crypto price is quoted in dollars, and dollar prices tend to move together. Read on price, the six groups gave nearly identical readings, which only tells you whether crypto as a whole went up. Read on share, the six daily readings sit a median of 22 points apart. That spread is the information the page is built on.
One measurement, two timeframes
Liquidity Cycle runs RSI(14) over each group’s share on the monthly chart. It is the long view and changes slowly.
Liquidity Wave runs the same RSI(14) on the daily chart. It shows where momentum sits right now.
The two name a different leading group on most days. When the Cycle is high and the Wave is low, a long-running leader is cooling off. When the Wave climbs while the Cycle is still low, a group is starting to gain ground.
How to read the page
The two panels show the six readings on each timeframe, with a line at 50 between winning and losing share.
The Rotation Map puts both readings on one plane: the Cycle across, the Wave up, with 50 on each axis splitting it into four states. Top right is leading (strong on both), bottom right weakening (strong for months, fading now), bottom left lagging and top left improving (weak for months, picking up now). Each group is a dot where it stands today with a tail of weekly averages behind it, so you see where it came from and which way it has been moving. Read clockwise, improving, leading, weakening and lagging describe a group gaining ground and then giving it back, which is the rotation of money through the market made visible. A tail shows the past only; it is not extended into the future.
The history strip shows the daily reading for every group over one year, three years or the full history, so today’s numbers have something to compare against. Expect readings closer to 50 than on a price RSI: a share moves within a narrow range, so 65 is already strong.
What the page does not tell you
A share is a relative number, which makes it easy to over-read. Five things to keep in view.
Share is relative
A group can gain share simply because everything else fell faster. A rising reading in a falling market means a group is losing less than the rest, not that money is pouring in.
The early history is rebuilt
Older years are reconstructed from coins that still exist. Projects that collapsed, such as LUNA and FTT, are missing from the early groups, so the past reads kinder than it was.
Groups are broad
Mid Caps holds ninety coins. One coin in it can rally hard while the group as a whole barely moves, so a group reading says nothing about any single coin inside it.
A monthly reading moves slowly
The Cycle uses one candle per month, so it changes little from day to day and needs months of data before it can read at all. That is the point of it, and also its limit.
It describes, it does not forecast
The page shows where money sits and how that has changed. Earlier rotations are historical observations and say nothing certain about the next one.
The page shows where money sits. It does not show where prices go next.
Where it fits
Liquidity Flow sits in the Analytics section next to the altcoin and dominance charts. The same two readings appear on the dashboard as the Liquidity Cycle and Liquidity Wave panels. It is not an input to either Heatmeter.
Common questions
What is Liquidity Flow?
A page that shows which part of the crypto market is winning share and which is losing it. The market is split into six groups: Bitcoin, Ethereum, High Caps, Mid Caps, Low Caps and Stablecoins. Each group’s share of the total is read with RSI(14), on a monthly chart (Liquidity Cycle) and on a daily chart (Liquidity Wave).
What is the difference between Liquidity Cycle and Liquidity Wave?
They are the same measurement on two timeframes. Liquidity Cycle uses monthly candles and shows the long view. Liquidity Wave uses daily candles and shows where momentum sits right now. When they disagree, a long-running leader is cooling off or a new one is emerging.
Why market share and not price?
Dollar prices across crypto move together. On price, the six groups gave almost identical readings, which only shows whether crypto as a whole went up. Shares always add up to 100%, so one group can only rise when another falls. On share, the six daily readings sit a median of 22 points apart.
Which coins are in each group?
Bitcoin and Ethereum are their own groups. High Caps are the altcoins inside the overall top 10, Mid Caps ranks 11 to 100, and Low Caps everything below 100. Stablecoins are counted by their total supply. Tokenised real-world products are left out.
Why do readings stay close to 50?
A share moves within a narrow range and tends to return towards its average, so it uses less of the RSI scale than a trending price does. A reading of 65 on this page is already strong.
Is this a buy or sell signal?
No. It describes where money sits in the market and how that has shifted. Earlier rotations between groups are historical observations and not a guide to what happens next.
Related guides
Others in market structure — How much borrowed money is in the market, which way bets are leaning, and where money is moving.
- Liquidation HeatmapEstimated price levels where leveraged futures would be force-closed, from CoinGlass price and open interest.
- Altcoin Season IndexCoinGlass’s published 0–100 rotation index, with 80 and above marking Altcoin Season and 20 and below Bitcoin Season.
- Altcoin Strength IndexA weekly 0–100 score for altcoins against Bitcoin, where 0 means historically cheap and 100 historically expensive.
- Altseason Fair Value BandThe altcoin market measured against Bitcoin, held against its long-run average, with the lines where the 2018 and 2021 altseasons peaked and the 2020 altwinter bottomed and the 2026 one came close.
- Gaussian Channel Trend ZonesWeekly Bitcoin through a very smooth Gaussian filter: the zones where the filter falls, what happened around them in earlier cycles, and a 0–100 risk level.
Every indicator we track — the full glossary.
Open the page
Everything above is the method. On the page you see both timeframes side by side, the Rotation Map with each group’s recent path, and the daily reading over one year, three years or the full history.