so sorry dude but you need to add more metrics into your math if you want to actually show stock:flow
I guess you have franked yourself this time, friend.
There is no doubt that bitcoin has stock flow, almost everything that changes/fluctuates has it.
Question is, did OP extracted correct conclusion from such analysis?
If I'm not mistaken, he is correlating the fact of stock-flow growth, with bitcoins price growth. Based on supply and demand law, this only seems like a correct interpretation however according to the definitions, one unit value does not necessary follow the model of growth while a very specific scenario is at play, that is instability of the market. This was discovered by Copernicus centuries ago!
As you have noted, market cap is actually stable, around 1.2m, so this is really looking like bitcoin is and will follow the flow pattern that OP is predicting. It's value should grow in correlation with the market, because supply is shrinking and the demand remains roughly the same.