Bitcoin Accumulation Builds as Galaxy Flags Declining Institutional Selling
Photo: Crypto Front News
Bitcoin reclaimed its 50-week moving average for five consecutive weeks, while a weekly close below $76,540 could signal a failed recovery. Spot Bitcoin ETFs added 87,000 BTC after June’s low, while monthly transfers of coins dormant for five years fell from 67,000 BTC in 2024 to 34,000 BTC in 2026. Galaxy’s Alex Thorn links Bitcoin’s long-term appeal to rising U.S. debt, while stablecoin circulation reached $304 billion, up 129% since early 2024. Galaxy’s Alex Thorn says Bitcoin has entered an accumulation phase after reaching a June 2026 low, despite trading 35% below its October 2025 peak.
Source: Crypto Front News
