alexthorn

$125k — no date. $76540 — with a deadline.

Galaxy (Alex Thorn) writes that Bitcoin’s bear market ended back in June, and that we’re now in the accumulation phase. Among the arguments: U.S. spot ETFs have added 87k BTC since the June low.

Channels have already turned this into “the best time to buy.” But the report itself says “at least $125k,” without saying when.

But the condition that would prove the thesis wrong is specific: a weekly close below the 50-week average of $76540, with no recovery above it within a month.

$BTC
It’s now 80257 USDT. So the thesis will be tested not in a year, but in the coming weeks.

One more thing: Galaxy says in its disclaimer that it may itself hold assets covered in the report. So I read this as the view of a market participant.

I don’t hold bitcoin, and I wouldn’t make decisions based on a report like this until the weekly candles show it. Do you believe the bear market is already over? For now, I’m watching the level, not the text.

#GALAXY #bitcoin #BTC #etf #AlexThorn