In his latest report, "Why Now Is the Time to Add and Hold BTC," Galaxy Research Head Alex Thorn stated that the Bitcoin bear market may have ended in June 2026, and the current phase represents the accumulation phase before the start of a bull market, making it an opportune time to buy and hold BTC long-term. He believes that Bitcoin has closed above its 50-week moving average for five consecutive weeks, and the net long position of asset management institutions in CME Bitcoin futures has decreased by 57% from its historical high, indicating that a large amount of speculative capital has left the market. Meanwhile, the US spot Bitcoin ETF has increased its holdings by approximately 87,000 BTC since its June low. Thorn believes that selling pressure is easing, and the macroeconomic environment and the risk of a depreciating US dollar further strengthen the long-term investment logic for Bitcoin, with BTC potentially breaking through $125,000 again. https://www.(wublock123.com)/news/galaxy-research-head-bitcoin-bear-market-ended-june-breaks-125k-70757