REPORT Nº
MI-2026-04-1092
L1 · CAPITAL FLOW INTELLIGENCE

Market
Intelligence
Report

Top-down macro context across nine asset pools — liquidity regime, capital rotation, and sector-level opportunity identification.

ISSUED
17 APR 2026
REGIME
EXPANDING
CREDITS
3
ANALYST
BILGE · AI
MARKET INTELLIGENCE · MI-2026-04-1092
§ 001

Contents

00
Executive Summary p. 03
L1 · CAPITAL FLOW INTELLIGENCE
01
Global Liquidity · CFI-1 p. 04
02
Market Flow · CFI-2 p. 05
03
Rotation Matrix · CFI-3 p. 06
04
Sector Drill-Down · CFI-4 p. 07
05
Asset Recommendation · CFI-5 p. 08
APPENDIX
A
Methodology & Data Sources p. 09
B
Disclaimers p. 10
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MI-2026-04-1092 · 17 APR 2026
§ 00

Executive Summary

A concise read of where capital is, where it's going, and what matters today.

NET LIQUIDITY
$22.7T
↑ +0.9%
DXY
98.22
↓ −1.2%
VIX
17.9
→ 0.0%
RISK APPETITE
HIGH
65% conf.
01
LIQUIDITY REGIME

Global liquidity sits in an expanding phase. Net liquidity at $22.7T with M2 supply growing +0.9% and Fed balance sheet at $6.7T. Dollar weakness (DXY −1.2%) and a positive yield curve (+0.53%) reinforce a risk-on backdrop.

02
CAPITAL ROTATION

BIST leads at +3.9% (EXIT phase), followed by Stocks (+2.9%) and Crypto (+1.9%). Energy is the weakest performer at −8.5%, signaling a probable rotation trigger out of commodities. Money market flows (+1.3%) remain in EXIT, supporting the risk-asset migration.

03
OPPORTUNITY MAP

Top sector: Tech at +11.7%. Weakest: Natural Gas at −8.2%. Asset Recommendation Engine flags BUY on crypto (5-factor score 65/100, MID phase, 65% confidence) and SELL on energy (5-factor score 32/100, EXIT phase, 65% confidence).

VERDICT

Risk-on macro with selective rotation. Favor crypto majors (AAVE, LDO, LINK, RBR, XRP flagged) and tech-exposed equities. Avoid energy until EXIT phase completes. Confidence band: 65%.

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L1 · CFI-1
§ 01

Global Liquidity

The tide that lifts — or sinks — every asset.

65
REGIME STATUS
Global Liquidity: EXPANDING
Net Liquidity $22.7T · M2 expanding +0.9%
CONFIDENCE
65%
M2 SUPPLY
$22.7T
+0.9%
FED BS
$6.7T
+0.8%
DXY
98.22
−1.2%
VIX
17.9
0.0%
YIELD CURVE
+0.53%
+0.5%
NET LIQUIDITY
$6.0T
+1.9%
ⓘ INTERPRETATION

Net Liquidity at $5.96T USD, risk appetite is high. Expanding M2 combined with weakening dollar creates a supportive environment for risk assets. Positive yield curve removes recession signal. Actionable: overweight equity and crypto exposure, underweight cash equivalents.

04 / 10
L1 · CFI-2
§ 02

Market Flow

Follow the money across nine asset pools.

Capital Rotation: Bist leading (+3.9%), Energy exiting
9 markets tracked
Crypto
MID
+1.9%
7D
30D: −0.4% v:+0.3
Stocks
MID
+2.9%
7D
30D: +4.2% v:+0.4
Bonds
EXIT
−0.2%
7D
30D: +1.3% v:−0.0
Metals
MID
−0.5%
7D
30D: −17.3% v:−0.1
Bist
EXIT
+3.9%
7D
30D: +12.9% v:+0.6
Forex
EXIT
−1.5%
7D
30D: −0.4% v:−1.4
Energy
EXIT
−8.5%
7D
30D: +16.9% v:−12.4
Real_estate
EXIT
+0.9%
7D
30D: +2.7% v:+0.3
Money_market
EXIT
+1.3%
7D
30D: +5.3% v:+0.1
⚡ ROTATION SIGNAL

BIST leading with +3.9%, in EXIT phase. ENERGY (−8.5%) weakest performer — possible rotation signal. Capital migration trajectory points from commodities toward equities and crypto. Stay alert to BIST exit timing for rotation-out trigger.

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L1 · CFI-3
§ 03

Rotation Matrix

Where each pool sits in the liquidity cycle.

Rotation: Bist dominant, Bist, Money_market, Real_estate, Bonds, Forex, Energy exiting
9 markets in rotation analysis
39
Bist
EXIT
+4
29
Stocks
MID
+3
19
Crypto
MID
+2
13
Money_mkt
EXIT
+1
9
Real_est
EXIT
+1
2
Bonds
EXIT
−0
5
Metals
MID
−1
15
Forex
EXIT
−1
85
Energy
EXIT
−8
PHASE TIMELINE
EARLY
MID
LATE
EXIT
Crypto Stocks Bonds Metals Bist Forex Energy Real_estate Money_market
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L1 · CFI-4
§ 04

Sector Drill-Down

41 sectors tracked — strongest winds and weakest currents.

Top Sector: Tech (+11.7%) · Weakest: Natural Gas (−8.2%)
41 sectors tracked
ALL CRYPTO STOCKS BONDS METALS COMMODITIES
Tech
+11.7%
30D · vol 1.2
Industrial
+11.2%
30D · vol 0.9
Technology
+10.9%
30D · vol 1.1
Telecom
+9.4%
30D · vol 0.7
Retail
+0.9%
30D · vol 0.5
Aviation
−0.6%
30D · vol 1.4
Real Estate
−0.7%
30D · vol 0.8
Holdings
−0.3%
30D · vol 0.6
Cons. Discretionary
+7.2%
30D · vol 0.9
Communication
+0.3%
30D · vol 0.5
Materials
−0.3%
30D · vol 0.7
Finance
−0.8%
30D · vol 1.0
Banking
−0.4%
30D · vol 0.8
AI
+6.1%
30D · vol 1.5
DeFi
+4.2%
30D · vol 1.3
Infrastructure
−1.5%
30D · vol 0.6
Industrial ETF
+3.3%
30D · vol 0.7
Utilities
−0.1%
30D · vol 0.5
Copper
−1.3%
30D · vol 0.9
Commercial
+0.1%
30D · vol 0.4
Natural Gas
−8.2%
30D · vol 1.6
Crude Oil
−7.5%
30D · vol 1.5
Miners
−2.1%
30D · vol 1.3
Energy
−7.8%
30D · vol 1.7

Tech & Technology cluster dominates. Energy complex (Natural Gas, Crude Oil, Miners, Energy) uniformly weak — confirms CFI-2 rotation signal out of commodities.

07 / 10
L1 · CFI-5
§ 05

Asset Recommendation

Five-factor synthesis into actionable long/short candidates.

RISK ON
5/5 gates passed
PASS 90 · 80
AI RECOMMENDATION ENGINE
5/5 gates passed — risk-on market conditions
DECISION GATES
Liquidity Expanding
Net Liquidity at 5.96T USD, risk appetite is high
USD Weakening
DXY 98.22 (−1.2%)
Capital Destination
Crypto leads CFI-2 phases
Sector Confirmed
DeFi sector leading +4.2% flow · Major: AAVE, LDO, …
Phase Timing
MID phase
BUY · CRYPTO
MID
CONFIDENCE
65%

Crypto has moderate 5-factor score (65/100), MID phase — proceed with caution.

AAVE SOL LDO LINK RBR XRP
SELL · ENERGY
EXIT
CONFIDENCE
65%

Energy has moderate SELL signal (5-factor score 32/100). Underperforming by 15.4%.

XOM CVX NG CL
OTHER RECOMMENDATIONS
● SOL ● LDO ● LINK ● XRP
08 / 10
APPENDIX A
APX A

Methodology

How the numbers are produced and what they mean.

CFI-1 · GLOBAL LIQUIDITY

Composite of M2 money supply (FRED), Federal Reserve balance sheet (FRED), Dollar Index (Finnhub), VIX (Finnhub), and US10Y−US02Y yield curve. Net Liquidity = Fed BS − TGA − RRP. Regime classification via 50-day rate-of-change.

CFI-2 · MARKET FLOW

7-day percent change across nine asset pools: Crypto (CoinGecko total market cap), Stocks (SPY proxy), Bonds (TLT), Metals (GLD/SLV blend), Bist (BIST-100 via EVDS), Forex (DXY inverse), Energy (XLE), Real Estate (VNQ), Money Market (BIL). Phase labels derived from 30D/7D divergence.

CFI-3 · ROTATION MATRIX

Ranks nine pools by composite score combining return, volume, and volatility. Phase timeline uses a 4-state classifier (Early / Mid / Late / Exit).

CFI-4 · SECTOR DRILL-DOWN

41 sectors aggregated across equities, crypto subcategories, and commodities. 30-day total return with volatility adjustment.

CFI-5 · ASSET RECOMMENDATION

Five-factor gate system: Liquidity, USD direction, Capital destination, Sector confirmation, Phase timing. All five must pass for a GO verdict. 5-factor composite score 0–100.

DATA SOURCES

FRED · CoinGecko · Binance · TCMB EVDS · DefiLlama · Finnhub. All sources are free/public APIs. Refresh cadence: L1 hourly, sector panel 15-minute.

09 / 10
APPENDIX B
APX B

Disclaimers

No Investment Advice. This report is for informational purposes only. TraderPath is not a registered investment advisor. Nothing in this report constitutes investment, legal, or tax advice. Past performance is not indicative of future results.

Data Accuracy. All data is sourced from third-party public APIs and is believed to be reliable at the time of publication. TraderPath makes no warranty as to the accuracy, completeness, or timeliness of any information.

Risk Disclosure. Trading cryptocurrencies, equities, and derivatives involves substantial risk of loss. Leverage can work against you as well as for you. Only trade with capital you can afford to lose.

Model Limitations. Recommendations are generated by AI models and quantitative signals. Models can fail during regime changes, black-swan events, or when underlying data feeds are disrupted. Always apply independent judgment.

Intellectual Property. © 2026 TraderPath. The BILGE engine, 7-Step Analysis framework, Capital Flow Intelligence methodology, and report templates are proprietary. Unauthorized reproduction prohibited. Registered with TÜRKPATENT.

END OF REPORT
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