[Investment Bank Compass Point: Bitcoin Bear Market Has Entered the Late Stage] According to a report by Jinse Finance, on June 4, 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 purchased the token when Bitcoin's price was above $90,000. He noted that this group of top-tier buyers had shown resilience throughout the bear market, but as Bitcoin approaches a new cycle low, they have ultimately capitulated. This further convinces him that the Bitcoin bear market has entered its late stage. On Thursday, Bitcoin's price briefly fell below $62,000 before rebounding to above $64,200.