Galaxy Digital analyst: Bitcoin bull market is structurally solid but faces key price risks
2025-10-24 20:45:26
In an interview with Cointelegraph, Alex Thorn, head of research at Galaxy Digital, said the bitcoin bull market remained solid, but the market was at a "critical juncture" where sentiment could turn quickly. He pointed out that if bitcoin fell below $100,000, it would cause significant anxiety and could shake the structural bull market. Thorn said that bitcoin's recent correction is not a deterioration in fundamentals, but is influenced by macro sentiment; in the long run, institutional demand growth constitutes a solid support, and the market is entering a "post-100,000 dollar era". He also believes that bitcoin has gradually broken away from the historical four-year cycle and is building a more stable foundation, which is reflected in lower volatility, increased institutional holdings and a slowdown in passive absorption.
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