★Bitcoin’s support system broke in Q1 — and the buyers that used to hold it up stepped back

"Bitcoin's Q1 underperformance, driven by broader macro and geopolitical headwinds, signals a critical shift in capital allocation and risk appetite among institutional players. This retreat of traditional support underscores crypto's increasing correlation with global financial markets, impacting diversification strategies and demanding re-evaluation of digital asset positioning within multi-asset portfolios. Future price action will likely reflect sustained macro pressures rather than isolated crypto-specific catalysts."