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 fourth episode of our webinar series on Bitcoin fundamentals, we look at a set of metrics based on Bitcoin's UTXO accounting structure: specifically, collective profit & loss taking (CPLT), hodlwaves and in/out of the money analyses. We're joined by Yan Liberman, co-founder of Delphi Digital. In a 30-minute webinar, Yan 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 II.