The scarcity of Bitcoin is being repriced, are you willing to get on board?
Looking at the enlarged data, Stock-to-Flow has surged by 116%, with the current value reaching 43.5K—this is a direct result of the supply shock hitting the circulation layer after the Bitcoin halving.
The tightening on the supply side is real, but the issue is that the demand side has not followed.
Stablecoin anchors have been deployed and are ready, but are still on the sidelines; long-term holders are silent, while whales are selling, and derivatives data shows expectations are wavering.
The current structure resembles a “critical point” state before a rise:
Bitcoin is strengthening, but market confidence is weak.
New funds have yet to flow in substantially, and the price structure has not been ignited.
Whether it can continue to rise in the future depends on whether new demand is sufficient to absorb the current selling pressure.
This is not short-term noise, but a long-term structural pricing game.
