Woo: Bitcoin Needs Decade for Safe-Haven Status, Dips to $77,621 Amid Fear

Bitcoin trades at $77,621 with Crypto Fear & Greed Index at 31 (Fear), as analyst Willy Woo explains it behaves like a risk asset correlated to NASDAQ despite safe-haven features, predicting a decade for full market acceptance. On April 24, BTC rejected $80,000 but rebounded to $78,700 amid $223 million spot ETF inflows and 60% market dominance from whale accumulation. Woo's latest analysis highlights institutional caution driving volatility, limiting near-term hedging potential while liquidity deepens slowly.