Beimnet Abebe (Galaxy Trading) joins Alex Thorn (Galaxy Research) to unpack Bitcoin’s ongoing downtrend, the recent bounce, and why the 50-week and 200-week moving averages continue to anchor his tactical view. He discusses what liquidations, tax-loss harvesting, fading catalysts, and reduced marginal buy pressure signal for market structure—while noting that Bitcoin’s long-term fundamentals remain unchanged.

The conversation also touches on equity strength, AI-driven optimism, and how shifting macro expectations shape crypto risk appetite as traders head into year-end.