1.Create a New 300x300 image with a White Background. Set the Foreground color to Black and the Background to the following Gradient:

Settings used:

• Gradient = Duotone Dark Blue
• Repeat = 0
• Style = Sunburst
• Invert = Unchecked
• Horizontal and Vertical = 25

Use the Preset Shape Tool and choose the Ink Blot shape. (Or you can choose any shape you want.) Make sure Create On Vector and Anti-alias are check. Retain Style should be unchecked. Set the Width to 3. Hold shift and draw a blot within the canvas.

Convert the Layer to Raster.

2. Duplicate the current layer. Press Ctrl+A, Ctrl+F, then Ctrl+Shift+F. This creates a selection.

Press Ctrl+H to Feather by 2, then go to Selections | Modify | Expand... and expand by 1.

Now go to Effects | Texture Effects | Sculpture... and use the following settings:

Settings used:

• Pattern = Pastel blue splatters
• Size = 200
• Smoothness = 50
• Depth = 73
• Ambiance = -40
• Shininess = 79
• Color = #0AA49F
• Angle = 237
• Intensity = 57
• Elevation = 60

3.Go to Adjust | Blur | Gaussian Blur... and blur by 4.

Press Ctrl+D to select none. Merge down the topmost layer. Now duplicate the current layer.

Go to Effects | Artistic Effect | Glowing Edges... use the following settings:

Settings used:

• Intensity = 2
• Sharpness = 8

Change the layer Blend mode to Lighten.

4. Press Ctrl+A, Ctrl+F, then Ctrl+Shift+F to create a selection.

Create a new layer. Go to Selections | Modify | Contract... contract by 6.

Set your Background color to White. Flood Fill the selection with the following Gradient:

Settings used:

• Gradient = Fading background
• Repeat = 0
• Style = Sunburst
• Invert = Unchecked
• Horizontal and Vertical = 25

Press Ctrl+D to select none.

5. Change the topmost layer's Blend mode to Luminance (Legacy) with an opacity of 65.

That's it! Now you can create a liquid blot.