Global liquidity reaches an all-time high of 130 trillion USD – will 2026 reward risk assets?

As of December 2025, global liquidity stands at 130 trillion USD, primarily driven by China’s 37% contribution. While this growth suggests bullish potential, contractions in M2 supply in other economies signal a complex economic landscape.

Despite liquidity enhancements like the U.S. 40 billion USD Treasury plan, the crypto market has not reacted positively, concluding 2025 with a 21% decline. Investors remain cautious heading into 2026 as the effects of growing liquidity unfold.

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