I think that, many people thought that bitcoin's safe haven capabilities meant they'd only gain money during the crisis, and because btc's price dropped then now they seem to have turned their back on BTC, at least temporarily, BTC needs to be in a more stable position so that its fluctuations (much like gold's) is of about 5% or 10% tops during times like this, in that moment is when people will start considering it a safe haven in my opinion.
The LIE of BitCoin as " Digital Gold " or a " Safe Haven " has been exposed. No rational person is buying that false narrative anymore. A 50 % crash in price due to the economic crisis told every rational investor that BitCoin was nothing more than gambling at the Casino
Central Banks, Countries, and Large Institutional Investors are getting as much Gold as they can, NONE, NONE, NONE of them are buying BitCoin.
WISE UP, That pipe dream is OVER.
Hard Facts