To be clear: "worst case"/floor model is NOT, I repeat NOT based on stock to flow (S2F), it is based on price and on-chain data (like I wrote in the June 20 tweet below). So, great that Aug closed >47k and Sep is now around 43k, but it says NOTHING about S2F. S2F says ~100k now.
A record number of Chinese military planes flew into Taiwan’s air defense zone over the weekend – prompting the U.S to issue a warning to China about what it called ‘provocative military action.’
MORE: https://t.co/9j2DV2Y4K5