Galaxy Research says Bitcoin bear market ended in June as accumulation phase begins
Galaxy Research reported that Bitcoin concluded its bear market in June 2026 and has shifted into an accumulation phase, pointing to reclaimed moving averages and depleted seller inventory as signals of an attractive buying opportunity.
Bitcoin has officially moved past its bear market and entered an accumulation phase that has historically preceded price advances, according to Galaxy Research. The firm highlighted that the cryptocurrency held its 200-week moving average and has closed above its 50-week moving average for five consecutive weeks. Additionally, at day 916 of the halving cycle, Bitcoin is past the historical window where previous cycle bottoms took place.[1][3][4]
Market positioning indicators also show declining sell pressure. Basis traders and macro participants have trimmed their ETF and futures exposure by more than half, while monthly transfers of coins held for over five years dropped to roughly 34,000 BTC from 67,000 in 2024. Galaxy noted that after falling 35% from its October 2025 peak and rebounding 39% above its June 30, 2026, low, Bitcoin traded at $81,391 on October 22.[3][4]
Despite calling the environment an attractive buying opportunity supported by currency debasement risks, Galaxy maintained a level of caution. The firm stated that its bullish outlook would weaken if Bitcoin drops below its roughly $76,540 50-week moving average and fails to reclaim the level within a month. A recent pullback left the asset roughly 4% above that critical threshold ahead of an upcoming Federal Reserve rate decision.[1][2][3][5]
Key facts
- Galaxy Research stated that Bitcoin's bear market ended in June 2026 and that the asset is now in an accumulation phase.
- Bitcoin closed above its 50-week moving average for five consecutive weeks and held its 200-week moving average.
- At day 916 of the halving cycle, Bitcoin is past the window in which every prior cycle bottom occurred.
- Monthly transfers of coins held for more than five years fell to around 34,000 BTC from 67,000 BTC in 2024.
- Bitcoin traded at $81,391 on October 22, 2026, which was 35% below its October 2025 peak and 39% above its June 30, 2026, low.
- Galaxy Research warned its bullish thesis would weaken if Bitcoin drops below its roughly $76,540 50-week moving average without reclaiming it within a month.
Sources · 5 sources
- DE
DecryptArticle ·
Bitcoin’s Bear Market Is Over, Galaxy Research Says: 'Now Is an Attractive Time to Buy' Galaxy Research says Bitcoin’s bear market ended in June, pointing to a reclaimed 50-week moving average, fading selling pressure, and a strengthening debasement case.
Open source - CB
Crypto BriefingArticle ·
Galaxy Research says Bitcoin’s bear market ended in June as accumulation begins Bitcoin's transition to an accumulation phase suggests potential long-term growth, but cautious optimism is advised due to uncertain market dynamics. The post Galaxy Research says Bitcoin’s bear market ended in June as accumulation begins appeared first on Crypto Briefing .
Open source - WB
Wu Blockchain@WuBlockchainPost on X ·
Galaxy: Bitcoin Bear Market Ended in June, Accumulation Phase Underway Galaxy Research said Bitcoin’s bear market ended in June 2026 and the asset is now in an accumulation phase, with BTC closing above its 50-week moving average for five consecutive weeks. Monthly transfers from coins held for more than five years have fallen to about 34,000 BTC from 67,000 in 2024, suggesting reduced selling pressure from long-term holders. Galaxy said the bullish view would weaken if Bitcoin falls below its roughly $76,540 50-week moving average and fails to reclaim it within a month.
Open source - BM
Bitcoin Magazine@BitcoinMagazinePost on X ·
JUST IN: Bitcoin has entered an accumulation phase, according to Galaxy Research. 👀 "We think the bear market ended in June and that bitcoin is in the accumulation phase that has preceded every prior advance." 🚀 https://t.co/X3OwAZ8rpX
Open source - CO
CoinMarketCap@CoinMarketCapPost on X ·
ANALYSIS: 📊 Galaxy says Bitcoin’s bear market is over, but BTC’s latest dip leaves it about 4% above the firm’s warning line. Can Bitcoin hold its ground through the Fed decision? 👇 https://t.co/YAuYbMEvgV
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