But also it is a negative characteristic because Bitcoin was supposed to be that "safe haven" not something people only buy during peacetime and when everything is fine. It was supposed to be the digital gold and yet gold seems to be more resilient to such negative events.
I'd argue that it is that safe haven, but you have to buy around the 200 WMA.
Hear me out. Bitcoin has a few of these levels. Some are called the miner capitulation level, where they can no longer sell bitcoin because it's under the production cost. There's also a 200 WMA which served as a base line for over a decade. Currently that's $37k, not 70 that we fell from. For a while bitcoin has been bound to wall street because the same people who leverage stocks, also leverage bitcoin. We have futures where people hedge their bets on bitcoin. These degenerates, because that's what most of them are, were borrowing money in Japan, using it to both buy stocks in the US with leverage. When some of them, like Intel and Nvidia crashed, these degenerates dumped everything including crypto that they held, at a loss, just to get some money out so that banks don't come after them.
Notice that Intel crashed on August 1 and 2 and bitcoin on 4 and 5, with delay, because it's not bitcoin that's at fault here. Bitcoin is strong. It's the delusional leverage traders who got margin calls on their tech stocks who are responsible for this.