Bitcoin has fallen below the $98,000 mark, dropping between 4% and 9% as global markets turned risk-averse. This decline comes as U.S. stocks, particularly in the tech and AI sectors, faced significant losses due to diminishing hopes for imminent Federal Reserve rate cuts. On-chain data indicates that long-term Bitcoin holders have distributed approximately 815,000 BTC during this downturn. In contrast, traditional safe-haven assets like gold and silver have seen gains of 4% to 9%, as investors seek stability amid market volatility. The shift highlights a broader move away from riskier assets, including cryptocurrencies, in favor of more secure investments.