More like “shock flow”-as the supply of mysterious buyers increases, the BTC price reaches the trigger point of the bull market

Bitcoin (Bitcoin) If a classic price model repeats historical behavior, then a new price increase will come—and buyers will still support it.

in a tweet On August 3, analyst William Clement pointed out that BTC/USD has reached the bullish springboard of the stock-to-flow model.

Analysts “like the possibility of stock liquidity triggering a bull market”

Although lingering Far below With daily stock flow forecasts, Bitcoin can now use this seemingly bearish signal to its advantage.

The Stock-to-flow bias-Bitcoin price relative to model estimates-is now so large that it has only been matched five times in Bitcoin’s history.

In every previous case, after reaching this lower deflection boundary, Bitcoin “absolutely tore” afterwards.

“I like my odds,” Clemente added in the accompanying comments.

BTC/USD stock flow deviation chart.Source: William Clement/Twitter

As Cointelegraph ReportAlthough PlanB, the creator of stock-to-flow, was worried about the recent decline in BTC prices, he insisted on his creation in front of opponents and predicted that the lowest price at the end of the year would be $135,000. He said this would be the “worst case”.

Over-the-counter buyers suspect the surge in BTC transfers

At the same time, substantial investor activity may already be helping to absorb the “flow” portion of the stock-to-flow bull market.

related: Betting on tax bills FUD: 5 things to watch for Bitcoin this week

According to data from the on-chain analytics service CryptoQuant, an unidentified market force is buying “large amounts” of BTC-but not through exchanges.

“If a big name announces a purchase, the shorts may be in trouble. I’m not sure about short-term price movements,” CEO Ki Young Ju famous On Twitter.

Bitcoin fund flow and token transfer and BTC/USD annotation chart.Source: Ki Young Ju/Twitter

This phenomenon has been discovered by analysts, but they have Urge caution As BTC/USD tries to consolidate, trading at the current price level.

“I am a Bitcoin buyer above 40k or below 36k,” popular Twitter trader Cantering Clark Summarize Tuesday.

“Here, we have accumulated some long-term leverage.”