No, this means the recovery key or other external unlocks have been lost, but the TPM chip is still working correctly to provide the bitlocker key during boot.
This is not bypassing bitlocker, simply bypassing loading the bsod causing crowdstrile driver by booting into safe mode. You still need a valid administrator account so authentication is also not compromised.
You would still need some kind of exploit to bypass the windows login screen.
Well I mean, at least they are keeping an election promise?
Not that it’s a good promise to be keeping though