Galaxy Research says Bitcoin's bear market ended in June as accumulation begins
Bullish strength: 68/100
- Galaxy identifies a June 30 bottom near $76,540 and says Bitcoin has entered accumulation.
- Bitcoin logged five consecutive weekly closes above its 50-week moving average.
- Monthly movement of coins untouched for five or more years averaged 34,000 BTC in 2026, down from 67,000 BTC in 2024.
Bearish strength: 32/100
- Bitcoin remains about 35% below its October 2025 high near $126,000.
- Asset managers' net long CME Bitcoin futures positions have fallen 57% since October 2025.
- A weekly close below the 50-week moving average without a quick recovery could challenge the bullish thesis.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.