Galaxy Says Bitcoin Bear Market Ended in June, Urges Buy and Hold

Galaxy says bitcoin's bear market is over. The firm argues the downturn ended in June and that the present moment is a good time for investors to buy and hold the asset.

The central argument concerns long-term holders, the investors who have kept their coins for extended periods. According to Galaxy, their selling has been fading, and the firm reads that as a signal that the market is offering an attractive buying opportunity.

Why long-term holder behavior matters

Long-term holders are widely watched in crypto markets because their decisions often shape supply. When they sell heavily, it can add persistent pressure on prices. When that selling eases, the pressure from this group of investors diminishes. Galaxy's view is that this shift is now visible and marks the end of the bearish phase that it dates to June.

The recommendation is a straightforward one: accumulate and hold rather than trade short-term swings. Galaxy frames the current environment as a point where patient buyers may be rewarded, though the call is an assessment of market conditions and not a guarantee of future returns.

What it means for readers

For investors, the call adds to the ongoing debate over where bitcoin stands in its market cycle. Calling the end of a bear market in hindsight is a bold position, and other analysts may weigh the same data differently. Readers should treat the claim as one firm's interpretation of on-chain and market behavior, and consider their own risk tolerance and time horizon.

Galaxy's stance will likely be tested by how long-term holders behave in the coming weeks. If their selling stays subdued, it would support the firm's thesis; a renewed wave of distribution would challenge it.