This week’s fluctuations in Bitcoin’s value reveal that it is being treated more like a traditional risk asset by investors rather than functioning as a hedge against market volatility, suggesting that market participants are responding to broader economic conditions and uncertainties, rather than viewing Bitcoin as a stable store of value. This behavior indicates a shifting perception in how Bitcoin is integrated into investment strategies, aligning it more closely with assets typically associated with higher risk and greater price volatility.
source: https://blocknews.com/why-bitcoins-behavior-this-week-shows-its-being-priced-like-a-risk-asset-not-a-hedge/