Institutional-grade Bitcoin research that connects on-chain data, derivatives, ETF flows and macro into one clear market view - in 3 minutes a day.
Who's Behind Adler AM
Axel Adler Jr. is a C-level executive at a leading European investment bank, where he leads advanced analytics for equity markets. As a Verified On-Chain Analyst at CryptoQuant, he transforms raw blockchain flows into real-time dashboards that inform investment decisions.
His research has been cited in over 11,000 publications across leading financial media. On X (Twitter), he has built an audience of 28,000+ investors, analysts and traders who follow his daily Bitcoin analysis.
Mission: make on-chain and macro analytics useful for every investor - connect blockchain metrics, derivatives, ETF flows and macro into a clear picture of market phases. No noise.
The Adler Ecosystem
Adler AM - daily Bitcoin intel in 3 minutes.
Weekly Engine - your weekly plan: BUY / HOLD / EXIT.
Adler Education - frameworks for advanced investors and builders.
If you want to stop guessing and follow a clear system - welcome.
If you want evidence-based Bitcoin research you can read in minutes and use all week, or learn to build your own - you're in the right place.
Start Here: Core Bitcoin On-Chain Guides
These guides are the main building blocks of the Adler research framework. Each covers the definition, formula, historical signals and practical application of a key on-chain metric.
- Bitcoin MVRV Ratio: Definition, Formula & Cycle Signals
- Bitcoin Realized Price Bands Explained: Cycle Analysis & Signals
- Bitcoin Exchange Netflow: What It Is and How to Use It
- Bitcoin STH SOPR: What It Is and How to Use It
- Bitcoin NUPL (Net Unrealized Profit/Loss): Definition & Cycle Signals
- Bitcoin LTH vs STH: Supply Dynamics, Cost Basis & Market Structure
- Bitcoin Puell Multiple: Definition, Formula & Miner Signals
- Bitcoin Open Interest & Leverage Ratio (Derivatives Guide)
- Coin Days Destroyed (CDD) & Liveliness: Definition & Cycle Signals
Deep Dives: Advanced Metrics & Trading Frameworks
For traders and analysts who want to go beyond the basics - these deep dives cover advanced on-chain metrics, derivatives dynamics and cycle analysis frameworks used in the Adler Strategy.
- MVRV Z-Score: How to Identify Bitcoin Market Tops and Bottoms
- Realized Profit vs Unrealized Profit: What's the Difference
- Bitcoin Supply in Profit: Definition, Thresholds & Market Signals
- Bitcoin Hash Ribbons: Capitulation Signals & Buy Triggers
- Bitcoin Miner Reserve & Outflow: Tracking Selling Pressure
- Bitcoin Open Interest vs Price: 4 Divergence Patterns Every Trader Must Know
- Bitcoin Liquidation Cascade: How It Works and How to Predict It
Why This Approach Works
Bitcoin is not random. It moves through repeatable regimes driven by liquidity, leverage, investor behavior and miner dynamics. These regimes are measurable - and that is what makes systematic analysis possible.
The goal of Adler AM is simple: turn raw blockchain data into decisions you can actually use. Not opinions. Not speculation. Signals built on data that has worked across multiple Bitcoin market cycles.