Odaily Planet Daily reported that Noelle Acheson, author of "Crypto Is Macro Now," stated that $BTC remains a safe haven. She pointed out that "the short-term price of $BTC is determined by the previous round of short-term trading, and in the long term, Bitcoin remains a safe haven. The market is currently in a risk-averse mood, leading macro investment portfolios to reduce their positions. There is also no new capital influx necessary to initiate the next round of upward movement, which may take some time, as both professional investors and retail investors are highly uncertain.
However, the tailwinds are still intact. Once the market adapts to the new economic landscape, the inflow of funds into the cryptocurrency market will resume, and the tailwinds will remain strong." (CoinDesk)