For many investors, a lack of understanding of bitcoin fundamentals is an obstacle. But this obstacle is an opportunity, as Bitcoin's novel structure has enabled the development of new metrics that provide insight into its value. In this third episode of our webinar series on Bitcoin fundamentals, we look at a set of metrics based on Bitcoin's UTXO accounting structure: specifically, market value to realized value ratio (MVRV) and spent output profit ratio (SOPR). We're joined by Lucas Nuzzi, network data product manager at Coin Metrics. In a 30-minute webinar, Lucas and CoinDesk Research will walk you through these new metrics, how to understand them and apply them, and how they can be used to estimate bitcoin's value. Sign up and join us for our webinar on How to Value Bitcoin: UTXO-Based Fundamentals, Part I.