Bitcoin has shifted into a defensive safe-haven mode, according to a recent analysis by Swissblock. This move comes as risk indices escalate into high-risk zones, prompting a strategic retreat. The shift was previously anticipated by Swissblock, highlighting Bitcoin's loss of structural strength in the current market environment. Simultaneously, USDT's dominance in the market has rebounded, signaling a rotation of funds back to protective assets. This trend underscores a market focus on survival rather than pursuing upside potential, as investors seek stability amid heightened risk levels.