Galaxy: The Bitcoin bear market ended in June, the accumulation phase is in progress According to Galaxy research, the BTC bear market ended in June 2026, and the asset is now in the accumulation phase. Bitcoin closed above its 50-week moving average for the fifth week in a row. Monthly transfers of coins held for more than five years will drop to around 34,000 BTC from 67,000 in 2024. This indicates less selling pressure from long-term holders. The bullish scenario will weaken if BTC falls below the 50-week moving average around $76,540 and does not recover above it within a month.

Galaxy: The Bitcoin bear market ended in June, the accumulation phase is in progress According to Galaxy research, the BTC bear market ended in June 2026, and the asset is now in the accumulation phase. Bitcoin closed above its 50-week moving average for the fifth week in a row. Monthly transfers of coins held for more than five years will drop to around 34,000 BTC from 67,000 in 2024. This indicates less selling pressure from long-term holders. The bullish scenario will weaken if BTC falls below the 50-week moving average around $76,540 and does not recover above it within a month.