01
Evidence before certainty
I write down what the data shows before I decide what it means.
CRYPTO RESEARCH ANALYST
Evidence BeforeCertainty
I research crypto markets — on-chain data, price behavior, and risk — and write up what I find.
Scroll to explore
On-chain
Quant
Fundamental
Risk
01 / About
Research lenses
I try to keep three things separate: what the data shows, what I think it means, and what someone should do about it. Mixing those up is where bad research usually starts.
02
Multiple research lenses
On-chain data, fundamentals, price action, and risk rarely tell the same story on their own — I read them together.
03
Clear communication
A research note is only useful if someone who isn't a specialist can still follow it.
02 / Latest Research
Published research
Some recent notes on crypto markets and the questions I was trying to answer.
Bitcoin On-Chain Indicators: How to Spot the Bitcoin Price Bottom
An overview of 9 practical on-chain indicators for identifying value zones and price bottoms in Bitcoin, with the exact formula, advantages, and limitations of each.
· Read research →
Who Really Owns Bitcoin?
Every time Bitcoin dips, the same line spreads: "the whales are selling." But on-chain data tells a more complicated story, one where retail supply is quietly shifting toward institutions, miners carry less weight than before, and ETF cost basis has turned $84K-$85K into a level worth watching.
12 min read · Read research →03 / Research Focus
What I investigate
Six areas I keep coming back to.
01
Bitcoin & on-chain research
Reading on-chain data as one part of a bigger picture on Bitcoin and digital assets, not as a signal on its own.
02
Market intelligence
Turning market noise, narratives, and trends into something you can actually act on.
03
Quantitative market analysis
Using numbers, not just opinions, to frame a market question and size up the risk.
04
Fundamental analysis
Looking past the pitch to what a project, sector, or narrative is actually worth.
05
Market structure
Understanding how price actually moves before drawing conclusions from it.
06
Portfolio & market risk
Weighing what could go wrong, not just what looks likely to go right.
04 / Selected Experience
Experience behind the research
A few roles that shaped how I do this work.
May 2025 – Aug 2026
Cryptocurrency Market Specialist
Invex
- Covered crypto markets using on-chain data and market intelligence.
June 2025 – December 2025
Head of Market Research (Remote)
Thales
- Led a 6-person research team covering macro, technical analysis, and options trading.
April 2024 – February 2025
Head of Analysis and Risk Management
Capitalino
- Led a team of technical, fundamental, and on-chain analysts, plus news researchers and risk specialists.
December 2023 – April 2024
Senior Fundamental Analyst
CITEX
- Directed a 3-person unit of researchers and analysts.
- Led fundamental research, backed by on-chain and market-trend data.
October 2022 – December 2023
Cryptocurrency Market Analyst & Content Specialist (Remote)
Bitex
- Co-wrote the whitepaper for Zarban — Iran's first decentralized lending platform.
- Produced educational content for Pooleno and Zarban.
May 2021 – May 2022
Cryptocurrency Market Analyst
Part Software Group (Signal App)
- Analyzed on-chain data for Iran's largest financial app, used by 7M+ people.
- Covered Forex, Stocks, and Crypto.
05 / Professional Profile
A research practice built across disciplines
I work at the point where crypto research actually becomes useful — where data, on-chain signals, and risk thinking turn into something a team can act on.
In practice, that means I can take a market question, find the evidence, build a view around it, and write it up in a way an editor, a research team, or an investor can actually use.
06 / Credentials
Foundation and working toolkit
Education
BSc Electrical Engineering
Ferdowsi University of Mashhad
September 2014 – June 2019
Professional qualification
FRM Candidate
Certifications
- Python financial data
- Advanced Excel
- Blockchain
- DeFi
- Digital Marketing / SEO / Content Marketing
Tools
07 / Work With Me
Research for teams that need a clearer market view
I'm open to working with crypto media, research teams, investment firms, and companies that want research they can trust — not just content.
- Crypto media editors
- Research teams
- Investment research teams
- Crypto companies
- Professional collaborators
08 / Contact
Start with the research question
Have a research project, a role, or just a question? Email me directly.
info@jamalnouri.com