Stock-to-No? Bitcoin price is further below S2F model predictions than ever.
shows that BTC/USD has deviated from planned price growth to an extent never seen before., 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.Enjoyinguntil 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 significant price deviations and is not “up only” — but even accounting for these, current targets are far higher than spot price., Bitcoin should trade at just over $72,000 on Nov. 19, giving a multiple of -1.47. On Nov. 10, the multiple reached -1.5 — a record negative reading in S2F’s lifetime — as the FTX impact hit the market.PlanB:"Feels like the world has ended"
An alternative iteration of S2F model deviation from analytics platform LookIntoBitcoin produced similar conclusions about this month’s price action.
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