Why has Bitcoin’s Stock-to-Flow ratio doubled in around a day

ambcrypto.com:

Bitcoin’s price may be recovering as the king coin turned the 45k resistance into a support level, but now it’s time to get serious again, and set our gaze a little higher. What do the metrics want to tell us about the state of the investment environment?

At press time, Bitcoin was switching wallets at $46,726.30, after rising by 1.08% in the past 24 hours. However, the king coin has fallen by 2.56% in the past week. The coin is still selling at a discount when compared to its ATH and many know it well, with Bitcoin largely leaving the exchanges. That said, a very slight uptick in BTC coming to the exchanges was noted before press time.

Source: Santiment

But the verdict is clear. Bitcoin is not the main attraction for now, but rather Ether and other coins or tokens. The volume of Bitcoin traded in the first quarter of 2022 is down by more than 25% when compared to 2021. Glassnode’s co-founders theorized that investors are choosing to invest in alts like Ether instead.

Q1 2021 $BTC return: +103% Q1 2022 #BTC return: -1.46%

More money is spreading to #Ethereum and altcoins. Read more here