Galaxy’s new research note opens with a blunt call: “We believe the bottom is in.” Alex Thorn breaks down the evidence, starting with the fact that regaining the 50-week moving average after 20+ weeks below it has never been followed by a new low. He explains why Bitcoin’s resilience around $80K matters and why he thinks it’s contrarian to say long Bitcoin right now.

Chapters:00:00 Bitcoin at $81K After the Fed: Is the Bottom In?00:38 Galaxy’s 50-Week Moving Average Signal02:10 Bitcoin’s Resilience Around $80K Amid AI Fears02:54 Light Positioning: “The Crowd Is Not Here”04:17 13F Filings: Hedge Funds Out, Sovereigns and Wealth Managers In06:15 Tokenization…

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