Galaxy Says the Bitcoin Bear Market Ended in June, With Its…
By Tobi Opeyemi Amure
AI summary of the source article
Galaxy Research reported that the Bitcoin bear market ended in June, citing diminishing selling pressure and reduced supply movement. However, the call faces an invalidation trigger if the price closes below the 50-week moving average of $76,540.
Key facts
- Galaxy Research stated the Bitcoin bear market ended in June, with an invalidation level set at a weekly close below $76,540.
- Coins in wallets untouched for at least five years moved at an average of 34,000 BTC a month in 2026, down from 67,000 in 2024.
- Strategy paused its Bitcoin purchases to repurchase $205 million of preferred shares, while Strive made a $511 million purchase.
Source excerpt · FinanceFeeds
Galaxy Research told clients on Monday that the Bitcoin bear market ended in June and that now is an attractive time to buy and hold. “We believe the bottom is in, selling pressure has diminished, the debasement case has strengthened, and the crowd has left,” wrote Alex Thorn, head of firmwide research, in a report shared with The Block . Bitcoin was quoted above $80,000 when that report landed at…