Axel Adler Jr.Bitcoin on-chain analyst
I'm a Bitcoin on-chain analyst and CryptoQuant Verified Author. I explain Bitcoin through measurable market behavior: what holders paid, who is selling, how much leverage is in the market and where coins are moving.
Outside of Bitcoin, I'm a C-level executive at a European investment bank, where I lead advanced analytics for equity markets.

- 1,000+
- news outlets have cited my analysis
- 28K
- followers on X
- 3,000+
- subscribers on Adler 馃拵 Insight
How the media uses the research
Journalists: charts, data and comments on request. Please credit Axel Adler Jr. and link to the chart or brief you cite.
Bitcoin market structure, measured
- 01
Valuation and profitability
Where price stands against what the market paid: MVRV, NUPL, realized price.
- 02
Holders and supply
What long-term and short-term holders do: cost basis, profit taking, supply shifts.
- 03
Derivatives and leverage
Funding rates, open interest and liquidations: whether leverage supports a move or makes it fragile.
- 04
Flows and liquidity
Exchange netflow, ETF flows and the Coinbase premium: who is bringing coins in and out.
Regimes are measured, not guessed
Bitcoin moves through repeatable regimes shaped by liquidity, leverage, holder behavior, miners and macro. My work is not about predicting every short-term move. It is about putting price in context, so you can see where the market is and what is changing.
- 01Is the market in a compression phase, or already expanding?
- 02Is leverage supporting the move, or making it fragile?
- 03Are holders distributing, absorbing, or resetting their cost basis?
- 04Are ETF flows confirming risk appetite, or diverging from price?
- 05Is macro helping the move, or becoming a headwind?
The research, in four formats
Adler 鈽曪笍 AM
A 3-minute brief on two on-chain metrics each weekday morning.
Subscribe freeAdler 馃拵 Insight
One weekly report that puts the whole week together.
Get Adler 馃拵 InsightStart with these charts
Start here
About Axel Adler Jr.
Who is Axel Adler Jr.?
Axel Adler Jr. is a Bitcoin on-chain analyst and CryptoQuant Verified Author whose analysis has been cited by 1,000+ news outlets. He writes the free Adler AM brief and the weekly Adler Insight report.
What does Axel Adler Jr. analyze?
Bitcoin on-chain and derivatives data: holder cost basis and supply, profit and loss, exchange and ETF flows, funding rates and open interest.
Where is his analysis published?
On axeladlerjr.com in the Adler AM brief, Monday to Friday; in Adler Insight on Substack every Monday; on X as @AxelAdlerJr; and on CryptoQuant as a Verified Author. It is regularly cited by CoinDesk, Cointelegraph, The Block, Benzinga and others.
Is his analysis financial advice?
No. It is analysis and educational content that explains what the data shows, not what to buy or sell.
Last updated