🇺🇸 U.S. July deficit just exploded +48% YoY to a record $432B.

If you're positioned in $BTC, equities, bonds, or watching Fed moves—this matters.

Government spent $432B MORE than it collected. That's nearly half again what they burned last July.

But here's the real question for macro degens:

"Where does that $1.8T deficit actually flow? Does it pump global liquidity or drain it?"

That's the lever that moves $BTC.

Deficit ≠ automatic money printer. It's about WHERE the cash lands and HOW it circulates.

Watch the flow, not just the headline.