Bitcoin Bear Market Over, Galaxy Research Says: 'Attractive Time to Buy'

Bitcoin's bear market has ended, according to a new report from Galaxy Research, which points to the cryptocurrency reclaiming its 50-week moving average as a key technical signal. The firm argues that selling pressure has faded and the broader case for Bitcoin as a hedge against currency debasement is strengthening. This shift comes after a prolonged downturn that saw Bitcoin fall sharply from its all-time high, but Galaxy's analysis suggests the worst may be behind us. The report highlights that Bitcoin's price recovery above the 50-week moving average—a metric closely watched by long-term investors—historically marks the transition from bear to bull phases. Galaxy also notes that on-chain data shows reduced sell-side activity from long-term holders, while institutional interest appears to be stabilizing. For investors, the takeaway is clear: Galaxy believes now is an attractive time to accumulate Bitcoin, given the combination of technical strength and improving macro fundamentals. As central banks continue to expand money supply, Bitcoin's scarcity narrative gains traction, potentially driving the next leg higher.