It's urine, end of.
This isn't even up for debate as medical science has ruled. They even explained why the liquid may be less pungent than urine. It's because it hasn't been fully processed. In many cases it's urine that was released prematurely.
Through exhaustive study, lab tests, millions of examinations of females, millions of autopsies, NEVER have doctors or scientists ever found anything to support this mystery liquid and unexplained female "squirting" nonsense. This is simple a lie perpetuated by women who are obviously too embarrassed and or unwilling to admit that they will probably be wearing Depend undergarments sooner than they think. Which is a common thing as women age, that is, a lot of women have leaking issues.
Medical Science, facts, trumps your speculation, denial, and pride.