According to André Dragosch, the Bitcoin Stock-to-Flow model projects BTC at 111,000 USD currently, 222,000 USD by 2026, and 10.9 million USD in 10 years, implying a 58.3% CAGR; source: André Dragosch, X post, Oct 26, 2025. He explains that S2F measures scarcity as stock divided by annual flow and was popularized by PlanB, with Bitcoin’s halving events doubling S2F each cycle; source: André Dragosch, X post, Oct 26, 2025. Dragosch cites criticisms that BTC has underperformed S2F-implied prices, residuals exhibit negative drift and non-stationarity, and the model may be misspecified because S2F is time-driven by halvings, referencing Kripfganz (2020); source: Kripfganz 2020 via André Dragosch, X post, Oct 26, 2025. For trading context, he adds that institutional demand via Bitcoin ETPs and corporate treasuries currently exceeds the annualized post-halving supply reduction by over 7x, indicating flows can dominate issuance cuts as a price driver; source: André Dragosch, X post, Oct 26, 2025. He recommends using S2F only as a rough long-term guide and applying caution given its statistical limitations and omission of demand-side drivers; source: André Dragosch, X post, Oct 26, 2025.

According to André Dragosch, funds and public companies have purchased more BTC in 2025 than in all of 2024; source: André Dragosch, X, Oct 8, 2025. As of Oct 8, 2025, global bitcoin ETPs and public companies have acquired 944,330 BTC; source: André Dragosch, X, Oct 8, 2025. This year-to-date buying equals roughly 7.4 times the new BTC supply issued in 2025, indicating institutional net demand far exceeding issuance; source: André Dragosch, X, Oct 8, 2025.

According to @Andre_Dragosch, global cryptoasset ETPs posted the highest weekly net inflows on record at $5.66B, with BTC products at +$3.49B, ETH at +$1.49B, alts ex-ETH at +$0.68B, and baskets/thematics at -$0.002B (source: @Andre_Dragosch on X, Oct 6, 2025). Based on the figures reported by @Andre_Dragosch, BTC captured roughly 61.7% of weekly inflows and ETH about 26.3%, meaning around 88% of new ETP demand concentrated in BTC and ETH (source: @Andre_Dragosch on X, Oct 6, 2025). The slight outflow in basket and thematic products contrasts with broad single-asset strength, highlighting rotation toward large-cap BTC and ETH ETPs that dominated weekly creations (source: @Andre_Dragosch on X, Oct 6, 2025).

According to @Andre_Dragosch, cumulative flows into global Bitcoin (BTC) ETPs have reached a new year-to-date high as of Sep 15, 2025, marking the strongest net investor inflows into BTC ETPs so far this year (source: @Andre_Dragosch on X).

According to André Dragosch (@Andre_Dragosch), current high sentiment readings in the crypto market indicate an increased risk of a short-term correction. However, he maintains a structurally bullish outlook for Bitcoin throughout the remainder of 2025, citing sustained accumulation by public corporations, robust inflows into Bitcoin ETPs, and a continuous decline in on-exchange Bitcoin balances as key drivers. These on-chain trends suggest strong institutional demand and reduced sell pressure, which traders should monitor closely for medium to long-term positioning. Source: Twitter (@Andre_Dragosch, May 16, 2025).