Galaxy Research Head Retracts Bitcoin Bullish Prediction Following Market Crash

The head of research at Galaxy Digital has officially withdrawn his optimistic Bitcoin forecast after Tuesday's significant market downturn. This reversal comes amid heightened volatility in cryptocurrency markets, with Bitcoin experiencing one of its largest single-day declines this quarter. The research chief had previously maintained a strong bullish stance on BTC, but market conditions forced a reassessment of this position. Industry analysts note this capitulation reflects growing uncertainty in digital asset markets as institutional investors reevaluate their exposure to crypto volatility.