Galaxy Research declares Bitcoin bear market over with June milestone

As we examine the latest industry developments, Galaxy Research has released a report declaring that Bitcoin's bear market officially concluded back in June. According to the firm's findings, the flagship cryptocurrency has successfully reclaimed its critical 50-week moving average, while selling pressure from long-term holders and miners has noticeably faded across the board.

This assessment arrives at a time when macroeconomic conditions are shifting significantly. Galaxy points to a strengthening debasement case for fiat currencies, driven by persistent inflation concerns and expanding global money supplies, which continues to enhance the foundational value proposition of decentralized assets like Bitcoin.

For the broader digital asset market, this structural shift matters immensely. Crossing back above key multi-week moving averages historically signals a transition from distribution phases to renewed accumulation, potentially resetting the cyclical baseline for retail and institutional participants alike.

Market analysts and industry commentators have largely responded with measured optimism to the report, noting that the combination of reduced liquid supply on exchanges and improving technical indicators creates a compelling setup for the months ahead, even if short-term volatility persists.

As we look toward the remainder of the cycle, market participants will be closely monitoring whether volume can sustain these higher levels. If Galaxy's thesis holds true, the current price action may represent a transitional window before the next major wave of adoption takes hold across global financial markets.