Galaxy Research Signals End of Bitcoin Bear Market
Bitcoin is trading near $80,000, facing a difficult month, yet Galaxy Research suggests the bear market has officially ended. BTC is staying firm above its key 50-week moving average around $76,000, pointing toward a transition into a market accumulation phase.
Institutional buying has picked up again, with U.S. spot Bitcoin ETFs recording $110 million in net inflows, largely driven by BlackRock's IBIT. However, spot Ether ETFs experienced $90 million in outflows, reflecting mixed trader sentiment across the crypto landscape.
If BTC holds above its key support zones, the market could set a solid base for future upward momentum
Bitcoin is trading near $80,000, facing a difficult month, yet Galaxy Research suggests the bear market has officially ended. BTC is staying firm above its key 50-week moving average around $76,000, pointing toward a transition into a market accumulation phase.
Institutional buying has picked up again, with U.S. spot Bitcoin ETFs recording $110 million in net inflows, largely driven by BlackRock's IBIT. However, spot Ether ETFs experienced $90 million in outflows, reflecting mixed trader sentiment across the crypto landscape.
If BTC holds above its key support zones, the market could set a solid base for future upward momentum
