Bitcoin Sales From High-Price Buyers Hit 26% in 30 Days, Analyst Says Bear Market Entering Final Stage

BTC-6.04%
According to Compass Point analyst Ed Engel, on June 4, 26% of Bitcoin sales over the past 30 days came from investors who purchased the token above $90,000. Engel noted that these top-tier buyers had shown resilience throughout the bear market but have finally succumbed as Bitcoin approaches a new cycle low, strengthening his conviction that Bitcoin's bear market has entered its final stages. Bitcoin briefly fell below $62,000 on Thursday before rebounding to above $64,200.
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