Bitcoin
Galaxy's Alex Thorn Says Bitcoin (BTC) Bottomed as Dormant Supply Outflows Halve to 34,000 BTC
COINOTAG·October 27, 2026·1 min read
Galaxy research head Alex Thorn argues Bitcoin has bottomed, citing dormant supply outflows halving to 34,000 BTC and CME asset-manager net longs falling 57%. These metrics suggest reduced selling pressure and a potential price floor, according to Thorn. The analysis points to a stabilization in Bitcoin's market dynamics.
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