Is the
Digital thinks so
$BTC bear market already over? Galaxy
Alex Thorn, head of research at Galaxy, says the bear market ended back in June 2026. Bitcoin bottomed at $58,525 on June 30 and is now in an accumulation phase, which historically comes before new growth periods.
His main arguments:
• The bottom is behind us. BTC held its 200-week moving average and recovered above the
50-week one. According to Thorn, in 13 similar crossings in past bear markets, only two were followed by a lower low.
Sellers are leaving. Big speculative funds have cut their BTC positions by more than half, while long-term holders mostly kept their coins.
• The dollar is under pressure. US debt has passed $40T and yearly interest payments reached $1.28T, which makes assets with a fixed supply more attractive.#btc #EarningsSeason #BitcoinSurpasses$81K
Digital thinks so
$BTC bear market already over? Galaxy
Alex Thorn, head of research at Galaxy, says the bear market ended back in June 2026. Bitcoin bottomed at $58,525 on June 30 and is now in an accumulation phase, which historically comes before new growth periods.
His main arguments:
• The bottom is behind us. BTC held its 200-week moving average and recovered above the
50-week one. According to Thorn, in 13 similar crossings in past bear markets, only two were followed by a lower low.
Sellers are leaving. Big speculative funds have cut their BTC positions by more than half, while long-term holders mostly kept their coins.
• The dollar is under pressure. US debt has passed $40T and yearly interest payments reached $1.28T, which makes assets with a fixed supply more attractive.#btc #EarningsSeason #BitcoinSurpasses$81K
