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Investment Bank Compass Point: The Bitcoin bear market has entered its later stages

2026-06-04 10:51:23

Golden Financial reports that on June 4th, U.S. investment bank Compass Point analyst Ed Engel stated that over the past 30 days, 26% of Bitcoin sell-offs came from investors who bought the token when Bitcoin's price was above $90,000. He pointed out that this group of top buyers has shown resilience throughout the entire bear market, but as Bitcoin approached new cycle lows, they ultimately capitulated. This has strengthened his belief that Bitcoin's bear market has entered its later stages. Bitcoin price briefly fell below $62,000 on Thursday, but has since rebounded above $64,200.

BTC-5.54%

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