When Dark Souls mode is off, all totems stay intact regardless of how many times you die, but the Soul Compass still only tracks the most recent totem. If you die twice, it won't point anywhere different after you pick up the most recent one. I think this should be fixed to use 'stack' behaviour where it points to the most recent one until you pick it up and then goes to the next one in the stack. I wasn't sure whether to mark this as a suggestion but decided not to since I really feel like this is an oversight as opposed to intentional behaviour.

This is intended.