Although I agree with that analysis, I do believe the current situation is more complex than just seeing if Crypto is ready to be a safe haven during war. The China news, I think, may be playing a more primary role in the current pullback than speculation around Korea.
Yes, except for the fact that I observed the divergence within minutes of the Korea news, well before the China news broke. It was clear that the respective markets were responding to a risk off trigger in opposite directions.
BTC is being priced more as a risky speculative asset at this point than as a safe haven.