Compass Point: The Bitcoin bear market has entered its final stage

Jinse Finance reported that on June 4, Compass Point analyst Ed Engel stated that over the past 30 days, 26% of Bitcoin sell orders came from investors who purchased the token when the Bitcoin price was above $90,000. He pointed out that these top buyers had shown resilience throughout the bear market, but as Bitcoin approached a new cycle low, they ultimately capitulated. This makes him more convinced that the Bitcoin bear market has entered its late stage. On Thursday, the Bitcoin price briefly fell below $62,000 before rebounding above $64,200.