The power law model for bitcoin has remained strong this cycle, with the price closely tracking its trajectory. Currently, bitcoin trades at a 32% discount to the model, the largest deviation since 2024. In previous cycles, bitcoin has deviated more aggressively from the model. The stock to flow framework, once prominent, has been invalid since January 2021. The key question now is whether bitcoin will revert to the power law trend or challenge another long standing model.

Read more at Yahoo Finance: How Much Longer Until We Consider the Bitcoin Power Law Model Invalid?