Galaxy Research: Bitcoin Bear Market Ended in June, Recommends Buy-and-Hold Strategy

According to TechFlow, on October 26, according to The Block, Galaxy Research stated in a report released on October 26 that the Bitcoin bear market ended in June, making now an attractive time to buy and hold. The report noted that as of October 18, Bitcoin has closed above its 50-week moving average for five consecutive weeks, following 44 consecutive weeks below it; the monthly average movement of Bitcoin from long-term holder wallets fell from 67,000 BTC in 2024 to 34,000 BTC in 2026. Galaxy research head Alex Thorn also cautioned that if Bitcoin’s weekly close falls below the $76,540 50-week moving average and fails to reclaim it within a month, this bullish outlook will face challenges.