Bitcoin Is 60% Below S2F Model Value, Plan B Explains

Plan B explains the situation of Bitcoin these days. The crypto market seems to be making great efforts to recover following multiple price corrections.

Today, the most important coins are training in the green. At the moment of writing this article, BTC is also trading in the green and the king coin is priced at $40,283.

Check out the post that Plan B shared on his Twitter account.

#BTC is 60% below S2F model value. Some think S2F is dead. Others know we have 2 more years to reach the $100K average. Your choice. pic.twitter.com/xrYeeUN9hP

— PlanB (@100trillionUSD) March 16, 2022

Someone said: “So many haters. As there were in March 2020 and February 2021. Price was too low and then too high. Time will tell. Hopefully the cryptomaniacs don’t come at you too hard sir.”

Plan B responded with: “No worries. I have been here before, when price is above model value you are the man the myth the legend, when price is beliw value you are a fraud a scammer planBS. I don’t mind.”

Earlier today, we revealed important news about BTC accumulation.

Glassnode made sure to explain in a new newsletter that long-term holders (LTHs), or entities who are less likely to sell their BTC after holding their stacks for more than 155 days, are accumulating Bitcoin at a rapid rate.

The firm recently explained that the accumulation rate of long-term holders is exponentially higher than the amount of BTC mined per day.

“At present, the LTH market inflation rate is at -10.9%, which means LTHs are currently adding to their balance at 7.6x the rate of issuance.”

Glassnode’s lead on-chain analyst made sure to show the fact that the numbers to illustrate the depth of accumulation by long-term holders.

“With ~900 BTC in mined issuance per day, this means around 6,840 BTC moving into LTH storage daily.”

The crypto market seems to be recovering as we speak, and Bitcoin is trading in the green.