[Galaxy: Bitcoin Bear Market Ended in June, Now is the Time to Buy and Hold] According to Jinse Finance, on October 26th, Galaxy Research submitted a report to The Block stating that the Bitcoin bear market ended in June and now is the time to buy and hold. The report was written by Alex Thorn, the company's head of corporate research. The basis for this conclusion includes three points: Bitcoin has closed above its 50-week moving average for five consecutive weeks as of October 18th, after previously trading below it for 44 consecutive weeks; the average monthly movement of Bitcoin in wallets inactive for more than five years has decreased from 67,000 in 2024 to 47,000 in 2025 and 34,000 in 2026, with approximately 1.11 million BTC in this age group moving since October 2024, mostly absorbed by ETFs and public treasury companies; and the US federal debt has reached $40.44 trillion. Thorn stated that "the bottom has appeared, selling pressure has weakened, the logic of hedging against devaluation has strengthened, and many investors have left the market." In terms of price, Bitcoin traded above $80,000 on Monday, down 0.2% in the last 24 hours, and about 36% lower than its record high of around $126,000 in October 2025. The report also cautioned that if the weekly close falls below the 50-week moving average of $76,540 and fails to recover within a month, this bullish outlook will be challenged.