Galaxy: Bitcoin bear market ended in June, accumulation phase underway Galaxy Research said that the Bitcoin bear market ended in June 2026 and the asset is now in an accumulation phase, with BTC closing above its 50-week moving average for five consecutive weeks. Monthly transfers from coins held for more than five years fell to around 34,000 BTC from 67,000 in 2024, indicating reduced selling pressure from long-term holders. Galaxy said the bullish view will weaken if bitcoin falls below its 50-week moving average around $76,540 and fails to recover within a month. - Link.