TBL Pulse: Real-Time Bitcoin and Macro Dashboard
TBL Pulse is The Bitcoin Layer's live dashboard for tracking macro liquidity, Bitcoin market structure, and on-chain valuation in one workspace. A free tier covers the TBL Liquidity Index, the full Macro tab, and Bitcoin candles with power-law projections. The paid tier covers the proprietary Bitcoin tab, the live TBL Liquidity signals, the Terminal, and the regression workspace.
What TBL Pulse Is
TBL Pulse is the live data and signal layer of The Bitcoin Layer. It is the dashboard that takes the frameworks described elsewhere on this site (TBL Liquidity, the seven-model Master Valuation, the Trend Master composite, the post-ETF market structure signals) and runs them on live data, with updated readings, historical charts, signal track records, and the cross-asset context needed to interpret them.
Pulse exists because reading current market conditions through TBL's framework requires both the methodology and the data. The methodology is published openly. The live readings, the signal history, the proprietary composites, and the regression visualizations are the work product that makes the framework actionable in real time. Pulse is where they live.
The dashboard is browser-based, organized around tabs that group related signals, and designed to be opened in the morning as a single workspace for reading the regime, the cycle position, the market structure, and the cohort behavior in one place.
What the Free Tier Covers
The Pulse free tier is meant to be substantive. The TBL Liquidity Index is published in full, with the four pillar charts (MOVE, DXY, IEF, global banking assets), the composite reading, and the historical context. The full Macro tab is open, covering Fed balance sheet, Treasury cash management, bank reserves, the policy corridor, global liquidity components, NFCI, and the supporting yield curve and dollar visualizations.
Bitcoin candles with the power-law projection overlay are open on the free tier, giving a structural reference for where Bitcoin is trading against the long-run trend. The Macro and BTC free-tier sections cover most of what a serious investor needs to read the broader regime, even before considering the paid layer.
The free tier exists to demonstrate that the framework is real, the work is rigorous, and the analytical surface is wide. Most of the macro liquidity content on Pulse is genuinely free.
What the Paid Tier Covers
The Pulse paid tier covers the parts of the framework that lose value if they are public. The full Bitcoin tab is paid, including the seven-model Master Valuation composite, the AVIV ratio, URPD and URPD IC, cost-basis percentile bands, and the full cohort metric stack (STH MVRV, SOPR variants, LTH capitulation, cost basis spread).
The live TBL Liquidity Indicator with confirmed green and red signal history is paid. The full signal track record, including signal dates, price levels at each signal, and the resulting performance attribution, is published only behind the paywall because the signal itself is the paid product.
The Terminal is paid. The Terminal is a workspace for cross-referencing signals across the macro, market-structure, and on-chain layers, with the Trend Master and its fourteen components displayed alongside the equity ratios and credit spread readings that confirm or contradict them.
The regression workspace is paid. The workspace includes the 2D and 3D regression visualizations that map current TBL Liquidity readings to historical Bitcoin and S&P 500 outcomes, plus the cross-asset risk-ratio scatter views used in the broader research.
The paid tier is for the reader who wants to see the live signal, run the framework in real time, and act on the same readings that drive the TBL Pro written research.
How Pulse Tracks the TBL Liquidity Framework
The TBL Liquidity framework described in the canonical pages is implemented inside Pulse end to end. The four pillars are charted in their raw form and composited into the live Index. The cycle slope crossings produce the green and red signals on the chart. The Wave is calculated forward from current readings. The Score normalizes the Index to a 0-to-100 scale.
In practice this means the framework you read about on TBL is the framework Pulse runs. There is no separate calculation, no proprietary indicator divorced from the published methodology, and no signal that lives outside the framework. The work is one continuous product, with the canonical pages explaining the methodology and Pulse executing it on live data.
How It Differs from the Older Dashboard
The earlier TBL dashboard was a more limited research surface, built around a smaller set of charts and updated less frequently. Pulse is the next generation of that work, built around the four-pillar Liquidity framework, the seven-model on-chain composite, the Trend Master, the post-ETF market structure signals, and a Terminal designed for cross-signal work that was not possible on the prior surface.
Subscribers who used the older dashboard will find that the methodology has deepened, the data coverage has expanded, and the cross-layer integration is now native rather than ad hoc. Pulse is the current product.
Who TBL Pulse Is For
TBL Pulse is built for the macro-aware Bitcoin investor who wants a single workspace to read the regime, the cycle position, and the market structure on the same page as the underlying macro liquidity context. It is also for the broader risk-asset allocator who uses the TBL Liquidity framework to read S&P 500 conditions and other risk markets, with Bitcoin as one expression of the same regime.
Pulse is not a day-trading tool. The signals fire at cycle-turn horizons, the data updates on the timescales that matter for that horizon, and the workspace is designed for the reader who wants depth and context rather than alerts and ticker streams.
Related TBL Resources
For the methodology that powers the dashboard, see the canonical framework pages on TBL Liquidity, Bitcoin and Global Liquidity, Treasury Volatility, ETF Flows and Market Structure, On-Chain Signals, and the Macro × On-Chain integration. The glossary covers the individual indicators in conceptual form.
For weekly written analysis of what the Pulse signals mean and how to position around them, plus the monthly TBL/CheckOnChain on-chain deep-dive reports, see TBL Pro. Most serious readers run Pulse and Pro in tandem because the dashboard answers what the regime is now, and the research answers why and what to do about it.
TBL Pro Membership
TBL Pro is The Bitcoin Layer's written research arm, authored by Nik Bhatia. Members receive weekly letters and longer monthly research that translate the TBL Liquidity framework, on-chain valuation models, and Treasury market dynamics into investment context for Bitcoin and broader risk assets.
TBL Pulse vs TBL Pro
TBL Pulse is the live dashboard for signals; TBL Pro is the written research that builds the framework behind those signals. Most readers run them in tandem because the dashboard answers "what is the regime now," and the research answers "why, and what to do about it."
What Is TBL Liquidity?
TBL Liquidity is a four-pillar composite framework that reads global financial conditions through Treasury volatility, the dollar, US Treasuries, and global banking assets, and translates them into a directional signal for Bitcoin, the S&P 500, and other risk assets.
Open TBL Pulse to see the framework live. The TBL Liquidity Index and its four pillars, the full Macro tab, and the Bitcoin power-law projection are all on the free tier. The proprietary Bitcoin tab, the live TBL Liquidity signals with confirmed history, the Terminal, and the regression workspace are on the paid tier.