Galaxy Research Reports Bitcoin Bear Market Ended on June 30.
According to Galaxy Research, Bitcoin's bear market officially concluded on June 30 at a price level of $58,525, with BTC moving back above its 50-week moving average following a 44-week period below it. The firm further noted that spot ETFs have accumulated approximately 87,000 BTC since the market low, providing significant support for renewed institutional demand. For crypto investors and market analysts, monitoring these moving averages and ETF accumulation trends remains crucial for evaluating long-term market structure.
$BTC #CoinVahini #Bitcoin #GalaxyResearch #CryptoMarket #ETFInflows
According to Galaxy Research, Bitcoin's bear market officially concluded on June 30 at a price level of $58,525, with BTC moving back above its 50-week moving average following a 44-week period below it. The firm further noted that spot ETFs have accumulated approximately 87,000 BTC since the market low, providing significant support for renewed institutional demand. For crypto investors and market analysts, monitoring these moving averages and ETF accumulation trends remains crucial for evaluating long-term market structure.
$BTC #CoinVahini #Bitcoin #GalaxyResearch #CryptoMarket #ETFInflows