Galaxy Digital (NASDAQ: GLXY) plays a significant role in the digital asset market, providing financial services focused on institutional crypto interests. As Bitcoin hits record highs, Galaxy is seeing more interest from institutions, suggesting a positive trend in the market. The Elliott Wave pattern shows GLXY is on a strong upward path. Since its low in 2022, the stock has increased over 1500% and has passed its 2021 peak of $38, which indicates a long-term bullish trend. We are currently in Wave (3) of ((3)), a phase known for significant market rallies. The initial price targets for GLXY are between $40.09 and $48.98, with a possibility of reaching $63.38 due to the active Wave III. GLXY is expected to continue rising until it completes its five-wave structure. After that, we will likely see a larger Wave IV correction, providing a new buying opportunity. GLXY’s upward trend is resilient even during short-term dips. Traders can buy on these dips using daily and weekly charts, following the Elliott Wave strategy. The best entry points come after a 3, 7, or 11-swing corrective sequence, guided by the extreme Blue Box system for precise entries. This plan helps in capturing future gains. With Galaxy Digital profiting from Bitcoin’s record highs, we are in a confirmed bullish market. The push for institutional adoption, starting with spot ETFs in early 2024, has gained momentum, creating strong support for the entire digital asset market. This overall environment is poised for further growth in crypto-related stocks. Given the strong expectation of an upward movement, we should think about buying call options to benefit from this momentum in the coming weeks. Looking at strike prices between $40 and $45 with November and December 2025 expirations aligns well with our target prices. This strategy offers direct exposure to the anticipated sharp rally. However, implied volatility in the crypto sector has jumped over 30% in the past month, making long calls pricey. A more economical strategy would be to use bull call spreads, such as buying a call with a $38 strike and selling a call with a $45 strike. This approach caps profits but significantly lowers initial costs and risks. We should also get ready for the expected Wave IV correction after this rally. For traders looking to acquire shares at a lower price, selling out-of-the-money cash-secured puts is a practical strategy. This allows us to earn premium while waiting for the next optimal buying opportunity discussed earlier. This pattern closely resembles the 2021 bull market, when GLXY skyrocketed over 1,500% from its lows. The current nesting structure of its price suggests another explosive move may be happening now. We have seen this before, and the technical setup indicates that a similar surge is driven by a new influx of capital.

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