A Galaxy Research report states that the Bitcoin bear market ended in June 2026 and is currently in an accumulation phase. BTC has closed above its 50-week moving average for five consecutive weeks, and the average monthly transfer volume of BTC held for more than five years has decreased from 67,000 in 2024 to 34,000 this year, indicating reduced selling pressure from long-term holders. Galaxy believes that the US fiscal deficit and the risk of currency devaluation further support Bitcoin's long-term value, making it a good time to gradually buy and hold. However, if BTC falls below the 50-week moving average of approximately $76,540 and fails to recover within a month, this bullish assessment may be weakened. https://www.(wublock123.com)/news/galaxy-research-bitcoin-bear-market-ended-june-2026-accumulation-70722