StockToFlow_nominal
Tech spec
| Field | Value |
|---|---|
| API name (slug) | stocktoflow_nominal |
| Group | cointime statistics |
| Unit / Valuetype | other / other |
| Shape | scalar |
| Resolutions | block, h1, h4, h8, h12, d1 |
| Endpoints | /v2/cointime_statistics |
| Tier | 0 |
| Last updated | 2025-08-19 17:51 UTC |
| Docs | Open in Swagger |
Brief Description: Bitcoin’s annual issuance to current supply.
Interpretation An increasing Nominal S2F Ratio underscores Bitcoin's deflationary nature, where the rate of new supply creation slows down over time. This characteristic is often cited as a fundamental factor underpinning Bitcoin's long-term value proposition, likening it to scarce commodities like gold.
Advanced Explanation
StockToFlow_nominal quantifies the scarcity of Bitcoin by calculating the ratio between the existing supply (stock) and the annual production (flow).
The fundamental premise behind the metric is that scarcity drives value. The higher the StockToFlow_nominal, the rarer Bitcoin is considered.
As Bitcoin halvings occur approximately every four years, reducing the flow, the StockToFlow_nominal ratio increases, theoretically indicating an increase in scarcity and potentially higher values.
The exact formula used is:
StockToFlow_nominal = New Issuance / Total Supply