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Two Wolves Macro
Know where liquidity is flowing.

KNOW WHERE
LIQUIDITY IS
FLOWING.

The Two Wolves Cycle Index (TWCI) measures whether macro liquidity and actual crypto capital flows are aligning strongly enough to create reflexivity.

Updated daily. Built for cycle clarity.

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Two Wolves Cycle Index daily snapshot for August 29, 2026
What is TWCI?

A daily map of the crypto liquidity cycle.

TWCI combines macro conditions with actual crypto capital flows, then uses Retail Heat as a separate maturity lens. The goal is simple: identify when liquidity is becoming strong enough to create crypto reflexivity—and how mature that reflexivity has become.

How it works

The core score stays clean.

Retail Heat is deliberately kept out of the TWCI Core arithmetic so retail excitement cannot distort the underlying macro-and-flow signal.

TWCI Core · Determines the headline score
50% Macro Gate
51
Neutral
+
50% Capital Flow
77
Reflexive Bull
=
TWCI Core
64
Expansion
Cycle Modifier

Retail Heat · 47/100

Dormant / Warming. Retail activity is building, but not yet in high gear.

Retail Heat does not change the TWCI Core score. It measures cycle maturity and speculative participation.

The liquidity cycle

TWCI Regimes

The 0–100 score converts into a plain-English regime so the signal is easy to interpret at a glance.

Deep Winter0–20
Winter20–35
Accumulation35–50
Expansion50–65 · Current
Reflexive Bull65–80
Acceleration80–100
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