Stock-to-Flow Model
Supply scarcity model — actual price vs S2F model price
How it works: Stock-to-Flow measures scarcity as the ratio of existing supply (stock) to annual new production (flow). After each halving, the flow halves and S2F doubles, historically correlating with major price increases. The model price is derived from: price = e^(3.21 × ln(S2F) - 1.6)
Halvings:
2012-11-28
2016-07-09
2020-05-11
2024-04-20