Bitcoin (BTC) is now further than ever from its target price according to the Stock-to-Flow (S2F) model.
The latest data shows that BTC/USD has deviated from planned price growth to an extent never seen before.
Stock-to-Flow sets grim new record
With BTC price suppression ongoing in light of the FTX scandal, an already bearish trend has only strengthened.
This has implications for many core aspects of the Bitcoin network, notably miners, but some of its best-known metrics are also feeling the heat.
Among them is S2F, which is seeing its price forecasts come under increasing strain — and criticism.
Enjoying great popularity until Bitcoin’s last all-time high in November 2021, the model uses block subsidy halving events as the central element in plotting exponential price growth through the years.
S2F allows for