Galaxy Research: Bitcoin Bear Market Ended in June
Galaxy Digital claims the Bitcoin bear market concluded in June, citing declining long-term holder selling as a key indicator.
Galaxy Digital claims the Bitcoin bear market concluded in June, citing declining long-term holder selling as a key indicator. Bitcoin (BTC) is trading at ₹75,98,402 ($79,848.00), down 0.4% since this brief published. This is an original Token Times brief based on reporting by The Block, with live market data added, as of Mon, 26 Oct 2026 14:15:01 UTC.
This assessment, if accurate, suggests the market has entered a new phase, potentially shifting investor sentiment and behavior towards accumulation rather than capitulation.
- Galaxy Digital identifies June as the end of Bitcoin's bear market.
- Declining long-term holder selling indicates a potential buying opportunity.
- Bitcoin's price remains near $30,000 amid neutral market sentiment.
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- Galaxy Research: Bitcoin Bear Market Ended in June — this brief
Galaxy Digital, in a recent analysis, has declared that 
Bitcoin's bear market concluded in June. The firm points to the reduction in selling pressure from long-term holders as a key signal that the market has shifted from a phase of capitulation to one of potential accumulation.
This assessment is based on on-chain data showing that long-term holders, who typically drive significant selling during bear markets, have significantly reduced their selling activity. This trend, according to Galaxy, indicates a transition towards more stable market conditions.
The Block corroborates this analysis, noting that Galaxy's conclusion is supported by the firm's proprietary research and on-chain metrics. However, it is important to consider that other analysts may use different indicators or interpret the data differently.
Currently, Bitcoin is trading at approximately $30,155, showing a slight 0.30% decline over the past 24 hours but remaining within a relatively stable range. The overall cryptocurrency market cap stands at $2.75 trillion, with a neutral sentiment reflected in the Fear & Greed Index at 50.
Galaxy's Total Value Locked (TVL) has seen a 5.4% increase over the past week, currently at $131.37 million, according to DeFiLlama. This suggests that investor interest in decentralized finance platforms, which often correlate with broader market trends, remains steady.
Since this brief published about 1 hour ago, Bitcoin (BTC) has moved from ₹76,27,616.81$80,155.00 to ₹75,98,402.43$79,848.00 — -0.38%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₹8.36M (about $79,848.00), down 0.5% over 24 hours. The rupee itself trades about 10.0% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 26, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Galaxy Research: Bitcoin Bear Market Ended in June — questions & answers
What indicator did Galaxy use to determine the end of the bear market?
Galaxy cited declining long-term holder selling as the key indicator of the bear market's end.
How has Bitcoin's price reacted to this analysis?
Bitcoin's price has remained relatively stable, with a slight 0.30% decline over the past 24 hours.
What is the current state of the overall crypto market?
The total crypto market cap is $2.75 trillion, with a neutral sentiment reflected in the Fear & Greed Index at 50.
How much is 1 Bitcoin worth in rupee today?
About ₹8.36M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $79,848.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is down 0.38% since this brief first published — trading at ₹75,98,402 ($79,848.00) now versus ₹76,27,617 ($80,155.00) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from The Block. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.