Hi mate, thank you for your work,

Just one observation here. Afaik the accepted narrative is that the mid-March drop was mostly triggered by large players liquidating their Bitcoin position during the COVID panic to hedge against the risk of an economic slowdown. Here, you seem to suggest that the dump was triggered by a hash rate event.

Why would miners decide to dump their coins 2 month before a bullish event like the halving, it doesn't make a lot of sense to me but I'll be happy to discuss that.