$BTC

Bitcoin (BTC) has lagged far behind gold and the S&P 500 recently, as these traditional safe-haven assets hit all-time highs. This shows that although Bitcoin has been regarded as a tool to combat inflation and market volatility in the past, its performance in the current market situation is relatively weak, causing the market to question Bitcoin's role as a safe-haven asset.

Gold and the S&P 500 Index have performed strongly as traditional safe-haven assets, while Bitcoin's safe-haven properties do not appear to be performing well at present. If investor confidence in Bitcoin weakens, it could lead to increased selling pressure, increasing the risk of a decline.

Gold and the S&P 500 Index have performed strongly as traditional safe-haven assets, while Bitcoin's safe-haven properties do not appear to be performing well at present. If investor confidence in Bitcoin weakens, it could lead to increased selling pressure, increasing the risk of a decline.

If more investors move money away from Bitcoin and into better-performing traditional assets such as gold or the S&P 500, Bitcoin's price could be at risk of falling further.

Judging from market trends, if Bitcoin fails to break out of its recent highs or continues to hover in a lower price range, market sentiment may become pessimistic, leading to more selling.

Still, the price action needs to be further analyzed in the context of the global economic situation, news from the crypto market, and overall investor sentiment.