Bitcoin (BTC) Stock-to-Flow Model Dips 62% in January 2022 By CoinQuora
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© Reuters. Bitcoin (BTC) Stock-to-Flow Model Dips 62% in January 2022- (BTC) stock-to-flow (S2F) in January 2022 hits below 62%, according to PlanB data.
- BTC price closed at $38,491 at the same time in January.
On-chain analysis from PlanB shows that Bitcoin’s (BTC) price closed at $38,491 in January 2022, which is 62% below its targeted stock-to-flow model (S2F).
#bitcoin Jan 2022 close $38,49162% below S2F target and outside 1sd band pic.twitter.com/H6XsAhwVuB
— PlanB (@100trillionUSD) February 1, 2022
This synergy represents a brand new stock-to-flow model phenomenon that the flagship currency Bitcoin has recorded in the market so far. The current situation of the BTC S2F model and how it appears in the digital finance space is considered somehow not appreciated by traders.
The PlanB BTC S2F tweet eventually raised the bar for some level of reactions among the crypto Twitter (NYSE:) netizens. Many reacted emotionally, while others also emphasized that they cannot take the Bitcoin stock-to-flow model (S2F) into consideration since it triggers Fear, Uncertainty, and Doubt (FUD) symptoms in the crypto space.
Furthermore, traders see the Bitcoin stock-to-flow model’s downsides from several different angles and perspectives. As brought by this, they attributed BTC’s 62% S2F model as a direct influence by the US dollar movement.
On the other hand, Bitcoin’s price is at $38,561.08, up 4.20% with a 24h trading volume of over $20 billion on CoinMarketCap, at the time of writing. However, the threshold value of the BTC price somehow correlates slightly to the $38,491 figure it closed in January.
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Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
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© Reuters. Bitcoin (BTC) Stock-to-Flow Model Dips 62% in January 2022- (BTC) stock-to-flow (S2F) in January 2022 hits below 62%, according to PlanB data.
- BTC price closed at $38,491 at the same time in January.
On-chain analysis from PlanB shows that Bitcoin’s (BTC) price closed at $38,491 in January 2022, which is 62% below its targeted stock-to-flow model (S2F).
#bitcoin Jan 2022 close $38,49162% below S2F target and outside 1sd band pic.twitter.com/H6XsAhwVuB
— PlanB (@100trillionUSD) February 1, 2022
This synergy represents a brand new stock-to-flow model phenomenon that the flagship currency Bitcoin has recorded in the market so far. The current situation of the BTC S2F model and how it appears in the digital finance space is considered somehow not appreciated by traders.
The PlanB BTC S2F tweet eventually raised the bar for some level of reactions among the crypto Twitter (NYSE:) netizens. Many reacted emotionally, while others also emphasized that they cannot take the Bitcoin stock-to-flow model (S2F) into consideration since it triggers Fear, Uncertainty, and Doubt (FUD) symptoms in the crypto space.
Furthermore, traders see the Bitcoin stock-to-flow model’s downsides from several different angles and perspectives. As brought by this, they attributed BTC’s 62% S2F model as a direct influence by the US dollar movement.
On the other hand, Bitcoin’s price is at $38,561.08, up 4.20% with a 24h trading volume of over $20 billion on CoinMarketCap, at the time of writing. However, the threshold value of the BTC price somehow correlates slightly to the $38,491 figure it closed in January.
Continue reading on CoinQuora
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
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