Galaxy Tells Clients Bitcoin Bottom Is In, Calls It a Buying Opportunity

Galaxy's call is notable less for its bullish conclusion than for how specific it is: it ties the bottom thesis to the 200-week average holding and a sustained reclaim of the 50-week average, and it names an invalidation level rather than leaving the view open-ended. That structure matters for clients who need a falsifiable framework, and the cited reduction in basis and macro positioning suggests leverage has already been flushed, which is the kind of condition that makes accumulation arguments credible. The open question is whether the named weekly close threshold gets tested, since that would force a public reassessment from a firm that has now staked its view on it.