Bloomberg Galaxy Crypto Index shows signs of regression to the lower end of the 5-year trading range

Source: BlockMedia Original Title: Bloomberg Galaxy Crypto Index Shows Signs of Reverting to the Lower End of 5-Year Range Original Link: Microglon, senior strategist at Bloomberg Intelligence, suggested that the Bloomberg Galaxy Crypto Index(Bloomberg Galaxy Crypto Index·BGCI) may decline to the 1000 level by 2026. The index, which includes major digital assets such as Bitcoin and Ethereum, is analyzed to be returning to the lower end of its medium- to long-term range.

Microglon stated, “The Bloomberg Galaxy Crypto Index is leaning toward the 1000 level in 2026.” He explained, “The BGCI recently stood at 2555, down about 19% since 2025,” and added, “Despite similar gains in beta assets, the index has shown weakness.”

The Bloomberg Galaxy Crypto Index is an indicator that comprehensively reflects the price movements of major digital assets including Bitcoin(BTC) and Ethereum(ETH). Microglon assessed that since 2021, the index has been oscillating like a ‘pendulum swing’(pendulum swing) between the upper and lower bounds, and is now entering a phase heading toward the lower end of its 5-year range.

He suggested that this cycle might not be a simple correction but a structural mean reversion process. In an environment where volatility across risk assets is increasing, digital assets are no exception.

Microglon has historically maintained a relatively conservative view of the digital asset market. He classifies Bitcoin as a ‘high-risk beta asset’ and has pointed out that it reacts sensitively to changes in liquidity conditions and interest rate policies.

Market opinions on his outlook vary. Some argue that “since the introduction of spot Bitcoin ETFs, the market structure has changed,” and that previous range analyses are no longer valid. Others interpret the index-based decline scenario as a warning of overall market volatility, independent of individual coin strength.