Why Bitcoin Still Acts Like A Risk Asset Despite Safe-Haven Claims

The article argues that despite bitcoin's structural properties that could make it a safe-haven, BTC continues to trade like a risk asset. Analysts point to a bearish market structure shift (MSS), a rejection at a monthly fair-value gap (FVG) inside a rising-wedge bear-flag, and imbalanced positioning (longs far outweigh shorts), raising the odds of a breakdown and a potential long squeeze. Willy Woo says broad market acceptance as a true safe-haven may take another decade, at which point BTC could compete with gold. Near-term technicals point to downside risk, implying continued sensitivity to risk-on/risk-off flows rather than a reliable haven for investors.