Bitcoin: On-chain analysis and miner capitulation

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We dive into on-chain metrics of Bitcoin and try to understand relationships between these on-chain metrics and the price of Bitcoin. We look at the hash rate, average transaction fees, and number of active addresses. We discuss the ongoing miner capitulation, despite a recent move up in the price of Bitcoin. Do you think the price is moving up because of institutional investors? Let me know what you think about this analysis in the comments below!

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Bitcoin Mining
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