According to online reports, Noelle Acheson, corresponding author of "Crypto Is Macro Now", said that BTC is still a safe haven. He pointed out: "The short-term price of BTC is determined by the last round of short-term transactions, and Bitcoin is still a safe haven in the long run. The market is currently in a risk-averse mood, so macro portfolios are reducing positions, and there is no new inflow of funds needed to start the next round of gains. This may take some time because of the uncertainty of professional investors and retail investors. Both are high. However, the downwind momentum is still intact. Once the market adapts to the new economic landscape, capital inflows into the cryptocurrency market will resume, and the downwind momentum is still intact."（CoinDesk）