Things aren't looking so good for the stock to flow model
Yes, it does this from to time, but if you look at the last pre-halving period, bitcoin did not do this:
The price is well below the stock to flow line currently.
Last time we had a halving event only 2 months away the price was riding the line and popping slightly above it.
Not this time.
Is the stock to flow model going to outright fail?