Galaxy Digital Sees Bitcoin Bear Market Over, Accumulation Phase Under Way

Bitget2026/10/26 18:44

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Galaxy Digital's Oct. 22, 2026, analysis favored buying and holding bitcoin, citing a June market bottom and reduced selling pressure.
Bitcoin traded at $81,391 on Oct. 22, 35% below its October 2025 high; regaining that peak would require a 53% rise.
Five consecutive weekly closes above the 50-week moving average supported the recovery thesis; U.S. spot ETFs added 87,000 BTC since June's low.
Federal debt of $40.44 trillion reinforced the analysis's currency-debasement thesis, supporting demand for bitcoin's fixed supply.
A weekly close below $76,540 without recovery within a month would challenge the outlook, as would ETF holdings below 1,220,000 BTC.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Galaxy Digital Inc. published the original content used to generate this news brief on October 26, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Galaxy Digital Sees Bitcoin Bear Market Over, Accumulation Phase Under Way

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