Galaxy says bitcoin bear market is over; now is the time to buy and hold

Bitcoin has spent long stretches in bear markets before, and Galaxy Research is treating June as the point where the latest one ended. The firm is reading the market through a mix of on-chain behavior and technical structure, with long-term holder selling easing and the 50-week moving average back in view. That combination makes this more than a simple mood call; it ties price action to both positioning and a longer-term narrative around Bitcoin.

For holders and traders, this kind of call matters because it marks a shift in how Galaxy is framing the market: from preservation and caution to accumulation and holding. A reclaimed trend line and lighter selling pressure can change how desks, allocators, and long-term participants judge entry points and portfolio posture. It also keeps attention on Bitcoin as a macro asset rather than just a speculative trade. (per decrypt.co)

The deeper issue is the split between Bitcoin’s monetary-story appeal and the reality of repeated boom-bust cycles. Galaxy’s debasement argument points to the claim that scarce digital assets can matter more when confidence in fiat money weakens, but that view sits alongside very active market trading and volatility. The tension is between treating Bitcoin as a durable store of value and treating it as an asset that still moves through sharp sentiment shifts.

What remains open is whether this June call holds up through the next round of price action and holder behavior. The two reports do not settle how long the reclaimed moving average will stay intact, or whether selling pressure will keep fading into later months. A stronger read would come from watching whether that technical setup and the holder data continue to line up in future Galaxy research.