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

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

金色财经金色财经2026/06/04 07:33
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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.
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