Galaxy's Alex Thorn argues Bitcoin bottomed in June and is now in an accumulation phase, calling it 'an attractive time to buy and hold bitcoin.' Bitcoin has closed five straight weeks above its 50-week average, and its market value never fell below its realized value, a first for any bear market. The latest 53% drawdown was the shallowest on record, versus 77% to 93% in past cycles, and spot Bitcoin ETFs have added 87,000 BTC since the June low. Thorn also points to $40.44 trillion in federal debt and a 10-year Treasury yield that hit 5.31%, its highest since 2007. His warning sign is a weekly close below the 50-week average, currently $76,540, that isn't regained within a month.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Bitcoin’s Bear Market Is Over, Galaxy Research Says: 'Now Is an Attractive Time to Buy'
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Related tickers and likely impact
BTC/USDT
▲ Likely positiveBitcoin
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/25/2026 | 80,154.09 |
| Change that session | -0.91% |
ETH/USDT
▲ Likely positiveEthereum
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $285.6B |
| Close on 10/25/2026 | 2,329.87 |
| Change that session | -1.23% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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