The animation is created by Ian Frederick.
Check out this enchanting liquid simulation created by 3D Artist and Motion Designer Ian Frederick in Houdini. The experiment was inspired by FX Motion Designer Jakub Špaček's talk.
The fascinating swirl of color seems to have started a series of similar works the artist is still working on.
There isn't much information about what exactly the final series will look like, but we should expect more fluids soon.
Ian Frederick is a master of 3D liquids, gases, and particles, you can clearly see it in his other works:
And if you want to learn how to do it yourself, check out the artist's YouTube channel.