Galaxy Research says bitcoin's bear market ended at the June low
Galaxy Research, in a report by head of firmwide research Alex Thorn, said bitcoin's bear market ended at the June low and that the asset is in an accumulation phase, writing that now is an attractive time to buy and hold bitcoin. Decrypt reported bitcoin traded near $80,000, 36% below its October 2025 high and 39% above the June 30 low.
3 independent publishers report it (copies of the same text count once); they may still rely on one underlying source. An official source would raise it.
core coin BTC · 3 publishers · afterwards moved 5.0× its usual range against BTC
Recent market watch news
Key facts
Attributed sources: Decrypt The Block Bitcoin Magazine
BTC after this site detected it
- 5 minutes-0.09%Gate · USDT
- 1 hour-0.72%Gate · USDT
- 24 hours—Window not complete
Claims and open questions
What sources claim
- Galaxy Research said bitcoin's bear market ended at the June low, writing "we believe now is an attractive time to buy and hold bitcoin," per Decrypt, which reported bitcoin traded near $80,000, 36% below its October 2025 high and 39% above the June 30 low.
- Galaxy said bitcoin spent 44 weeks below its 50-week moving average before reclaiming it in September, and the week ended Oct. 18 was its fifth consecutive weekly close above that line, according to Decrypt.
- Galaxy cited a 53% drawdown as the shallowest on record and said bitcoin's market value never fell below its realized value for the first time in a bear market, with the ratio bottoming at 1.10, Decrypt reported.
Still unresolved
- What specific follow-up data, such as sustained closes above the 50-week moving average or renewed ETF inflows, Galaxy would treat as confirming that the accumulation phase it describes is intact rather than a failed reclaim.
- How Galaxy's cited 53% drawdown and the 1.10 market-to-realized value ratio are calculated and at which date the metric was measured; the full methodology would confirm the figures.
Source evidence
decrypt.co
Published 26/10/2026, 13:01 · Received 26/10/2026, 13:01
www.theblock.co
Published 26/10/2026, 13:00 · Received 26/10/2026, 13:03
bitcoinmagazine.com
Published 26/10/2026, 14:44 · Received 26/10/2026, 14:48
Market reaction after detection
Measured from the sample nearest site detection, on the same source and quote currency.
| Window | Return | Actual sampled interval / source |
|---|---|---|
| 5 minutes | -0.09% | 26/10/2026, 13:01 → 26/10/2026, 13:06 (UTC) Gate · USDT |
| 1 hour | -0.72% | 26/10/2026, 13:01 → 26/10/2026, 14:01 (UTC) Gate · USDT |
Historical market context
Closed hourly candles from the 30 days before this event observation. Different venues are kept separate. Research: hourly returns and BTC beta →
| Metric | Value |
|---|---|
| Hourly coverage | 100.0% (720/720) |
| Median absolute 1h return | 0.14% |
| 99th percentile of absolute 1h returns | 1.01% |
OKX · USDT · Context as of 26/10/2026, 13:01 · Last included candle closed 26/10/2026, 13:00
Event timeline
Source publication, receipt and analysis times are separate. All times UTC.
Source published: The Block
Source published: Decrypt
Source received: Decrypt
Event first detected by this site
Source received: The Block
Additional source received; evidence recalculated
Source published: Bitcoin Magazine
Source received: Bitcoin Magazine
Additional source received; evidence recalculated
English explanation generated
Evidence levels describe source coverage, not the probability that a report is true. Price moves and their timing cannot establish a cause; minute samples show an observed interval and alert thresholds are heuristics. Explanations are model-assisted, with citations and figures checked. Source titles stay in their original language; full articles are not republished. Methods and limitations →
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