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Galaxy says bitcoin bear market is over; now is the time to buy and hold
🇺🇸 United States · Economy · 6 h ago
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26.10 13:00 UTC
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Galaxy says bitcoin bear market is over; now is the time to buy and hold
The price would need to rise 53% to retake the previous record.
Asset managers’ net long position in CME bitcoin futures fell 57% from the week of the all-time high, according to Commodity Futures Trading Commission data cited by Galaxy.
Spot ETF holdings dropped 11% from peak to trough while price fell 53%, and the funds have added 87,000 BTC since the June low, the report said.
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