Alphaline Research alphalineresearch.com

About

Independent research.
No noise.

What We Do

Alphaline Research is an independent publication focused on Bitcoin, Ethereum, and institutional macro. We build quantitative models, analyse on-chain data, and publish research that cuts through narrative to find what actually drives asset prices.

The Focus

Two assets. One macro lens. We do not cover the broader crypto market. Our coverage is deliberately narrow — Bitcoin and Ethereum — because depth beats breadth. Every model we build is designed to be durable across market cycles, not just the current one.

The Method

Research starts with data. On-chain metrics, derivatives positioning, macro flows, and valuation frameworks are the inputs. The output is a thesis with a view — not a summary of what already happened.

The Standard

Every piece of research published here has to clear the same bar: would an institutional analyst find this useful? If the answer is no, it does not get published. We would rather publish less and mean it.

Principles

01 Data first. Every thesis is grounded in quantitative evidence. We do not publish based on conviction alone.
02 Not consensus. If the trade is obvious, it is already priced. We look for asymmetries the market has not fully reflected.
03 Cycle-aware. Models are built to work across regimes, not just the current environment. We distinguish between structural signals and cyclical noise.
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